WPR Threshold Signals with One Position at a Time
Summary
This document describes an expert advisor that trades from a custom Williams Percent Range indicator. It evaluates signals only when a new bar appears and holds no more than one position at a time, allowing it to operate on both hedging and netting accounts. A buy signal occurs when the current bar’s indicator value is below the second WPR level; a sell signal occurs when it is above the first level. An opposite-direction signal closes the existing position, so the entry and exit rules are paired.
The text explains the rules but gives no backtest results, performance data, parameter values for the indicator levels, or evidence that the signals are profitable. It also does not describe protective stops, position sizing, or how the thresholds were selected. The strategy’s behavior therefore depends on the custom indicator and level settings, and should not be interpreted as validated performance.
Key ideas
- The expert advisor checks for signals only when a new bar appears.
- It allows a maximum of one open position at a time.
- A buy signal occurs below the second WPR threshold, while a sell signal occurs above the first.
- An opposite signal closes the current position.
- The document provides no performance evidence or risk controls.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.