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Waddah Attar Trend Histogram Color-Change Trading Signal

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Summary

This MetaTrader Expert Advisor uses changes in the Waddah Attar Trend indicator’s histogram color to generate signals. A signal is recognized when a bar closes with a different histogram color, making the method a bar-close trend indicator trigger. The advisor depends on a separately installed compiled indicator file to run.

The document refers to example trades and a test on EURAUD four-hour bars for 2015, but provides no readable performance statistics or detailed interpretation of the chart. Its stated test used default input settings and did not use stop-loss or take-profit levels. As a result, the material explains the signal trigger and test setup, but does not establish profitability or robustness. It also gives no position sizing, entry execution, exit logic beyond the indicator change, or treatment of trading costs.

Key ideas

  • The EA forms a signal when the indicator histogram changes color at a bar close.
  • The strategy relies on a separately installed compiled indicator.
  • A test is referenced for EURAUD on four-hour bars during 2015 using default settings.
  • The referenced test did not use stop-loss or take-profit levels.
  • The document gives no detailed performance statistics, position sizing, or robustness analysis.

Tags

ForexTrend followingTechnical indicatorsBacktestingRisk management

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