Skip to content
All library documents

XWAMI Trend Signals with Loss-Triggered Position Sizing

Article MQL5 code base
Read the original

Summary

This expert advisor trades changes in the XWAMI indicator's trend cloud. It generates a signal when a bar closes and the cloud changes color, then adjusts position size according to recent outcomes in the same direction. The stated defaults examine the last five buy or sell trades and reduce the next trade's size if at least three were losses: the example compares 0.01 lot in that case with 0.1 lot otherwise. Inputs also allow separate buy and sell thresholds and a selected margin sizing mode.

The document mentions tests on EUR/USD hourly data for 2017 and refers to charts and default stop settings, but it gives no numerical results or detailed test methodology in the text. Its evidence therefore cannot establish profitability or robustness. Operation also depends on having the compiled XWAMI indicator available in the expected MetaTrader directory. The sizing rule changes exposure after a losing sequence; the article does not explain whether this reduces risk over a full cycle or how it handles costs, slippage, drawdowns, or different market regimes.

Key ideas

  • The EA enters when a closed bar signals a change in the XWAMI trend cloud's color.
  • Buy and sell positions use separate thresholds for counting recent losses.
  • In the example, three losses among the last five same-direction trades trigger a smaller next position.
  • The text cites a 2017 EUR/USD hourly test but provides no numerical performance results or methodology.
  • The EA requires the compiled XWAMI indicator file to be installed for correct operation.

Tags

ForexTechnical indicatorsPosition sizingBacktesting

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