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TSI_WPR Cloud-Color Signals for XAUUSD

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Summary

This Expert Advisor trades signals from the TSI_WPR oscillator. It acts when a bar closes and the indicator cloud changes color, using that change as its entry signal. The document also notes that the compiled indicator must be installed for the EA to operate and describes a library used to support brokers with nonzero spreads and stop-loss or take-profit settings.

The document refers to chart examples and a test on XAUUSD using four-hour bars during 2013. It says the displayed test used the EA's default inputs and did not use stop-loss or take-profit orders. No performance figures, comparison, or details about signal direction and exit logic are provided, so the test reference alone does not establish profitability or robustness. The method is therefore only partly specified, and its suitability across markets or time periods cannot be assessed from this description.

Key ideas

  • The EA generates a signal when the TSI_WPR cloud changes color at bar close.
  • The strategy is demonstrated on XAUUSD using four-hour bars.
  • The referenced test used default inputs and no stop-loss or take-profit orders.
  • The document gives no quantitative performance results or full exit rules.

Tags

Technical indicatorsBacktestingCommodities

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