XWPR Histogram Breakout Signals with Separate Position Sizing

Summary

This document describes an Expert Advisor that trades signals from the XWPR_Histogram_Vol indicator. It enters when a bar closes after crossing an overbought or oversold level. The two levels correspond to separate positions, each with its own magic number and configurable allocation of account resources. The indicator’s compiled file must be available in the platform’s indicator folder for the EA to run.

The document refers to chart examples and a test on EURJPY at the four-hour timeframe during 2017. It says the tests used the EA’s default inputs and did not use stop loss or take profit. No performance figures or detailed test methodology are included in the text, so the chart references alone do not establish profitability or robustness. The approach is a specific indicator-triggered breakout system; its risk controls, signal behavior across markets, and sensitivity to settings are not explained.

Key ideas

• The EA generates trades when a bar closes after crossing an overbought or oversold threshold.
• Each threshold has its own position, magic number, and resource allocation.
• The compiled indicator must be installed in the platform’s indicator folder.
• The cited EURJPY four-hour test covers 2017 and used no stop loss or take profit.
• The text gives no numerical performance statistics or detailed validation method.

Tags

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