TriXCandle Color-Change Expert Advisor Signals at Bar Close

Summary

This document describes an Expert Advisor that trades when the TriXCandle indicator changes candle color. It generates a signal after a bar closes, so the decision is based on a completed candle rather than an intrabar color change. The advisor depends on a separately compiled indicator file and references a trade library that supports nonzero broker spreads and opening positions with stop-loss or take-profit settings.

The document refers to example trades and a test for GBPJPY on a four-hour chart in 2014. It says the displayed test used the default advisor parameters and did not use stop loss or take profit. No numerical performance measures or detailed rules for entries, exits, or position sizing are provided in the text, so the cited example alone is insufficient to assess robustness or risk. The material is primarily a description of the signal and its testing setup.

Key ideas

• The advisor signals when TriXCandle changes color on a completed bar.
• It requires the compiled TriXCandle indicator to operate.
• The cited example tests GBPJPY on a four-hour chart in 2014 using defaults.
• The described test omitted stop-loss and take-profit settings, and the text gives no performance metrics.

Tags

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