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TrendlessAG Histogram Direction-Change Expert Advisor

Article MQL5 code base
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Summary

This Expert Advisor generates trades from the TrendlessAG histogram indicator. It forms a signal when a bar closes and the histogram changes direction, making the closing bar the stated decision point. The advisor depends on a separately compiled indicator file, while an accompanying library is described as enabling use with brokers that have nonzero spreads and support stop-loss and take-profit settings when opening positions.

The document refers to example trades and a historical test on USDJPY using a 12-hour chart for 2014. It says the displayed test used the default inputs and did not use stop loss or take profit. However, the actual charts and numerical performance details are absent from the supplied text, so the test cannot be evaluated here. A single instrument and period also provide limited evidence about robustness; the direction-change rule's behavior in other conditions is not established.

Key ideas

  • The advisor trades when the TrendlessAG histogram changes direction at bar close.
  • The strategy requires the separate TrendlessAG indicator to be installed.
  • The cited historical test uses USDJPY on a 12-hour chart for 2014 with default inputs.
  • Stop loss and take profit were not used in the described test.
  • The supplied text lacks numerical results needed to assess performance.

Tags

ForexTechnical indicatorsTrend followingBacktesting

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.