UltraMFI Trend Signals with Directional Loss-Based Position Sizing

Summary

This expert advisor uses UltraMFI signals to enter trades when a bar closes and the displayed trend cloud changes direction. It adjusts the size of a new trade according to recent results in the same direction: configurable counts of recent buy or sell trades determine whether the loss threshold has been reached, and the selected money-management mode sets the volume. The example describes using smaller volume after a specified number of losses among recent trades, and standard volume otherwise.

The document mentions a GBPUSD four-hour test covering 2017 and says that results are shown in a chart, but it provides no numerical performance measures or discussion of robustness. It also notes that the compiled UltraMFI indicator must be available for the advisor to run. The described sizing rule responds to a short history of trades; the document does not show that it controls drawdowns or improves returns.

Key ideas

• The advisor generates signals at bar close when the UltraMFI trend changes direction.
• Trade volume depends on recent outcomes for buys and sells separately.
• A configured count of losses among recent trades triggers reduced volume.
• The document references a GBPUSD four-hour test but gives no numerical performance analysis.
• The compiled UltraMFI indicator is required for the advisor to operate.

Tags

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