Two-Timeframe Sinewave Signals for Trend Following

Summary

This expert-advisor design uses two Sinewave2 indicators on different timeframes. The slower indicator defines trend direction from the relationship between its main and signal lines; the faster indicator supplies entries when its lines cross or touch. A signal is acted on at bar close when the fast and slow directions agree and the fast trend has just changed direction. The listed defaults use a six-hour slow timeframe and a 30-minute entry timeframe, with configurable smoothing, signal bars, position permissions, and trade sizing.

The system exposes stop-loss and take-profit settings, but the cited GBPUSD test over 2016 did not use either. The document describes test conditions and points to a chart, but provides no numerical performance statistics in the text, so effectiveness cannot be assessed from the account alone. It also depends on specific indicator files and notes compatibility considerations for broker execution. Results from one currency pair and period would not establish robustness across markets or regimes.

Key ideas

• The slow Sinewave2 signal establishes the prevailing trend direction.
• The faster signal triggers an entry when its direction changes and agrees with the slow trend.
• Entries are evaluated at bar close, with both signal timeframes configurable.
• Stop-loss and take-profit inputs are available, but were omitted in the described test.
• A single GBPUSD test period without reported statistics does not establish general performance.

Tags

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