Exp_ColorSchaffJJRSXTrendCycle

The core strategy of this EA is based on the ColorSchaffJJRSXTrendCycle indicator, which combines JJRSX (a smoothed variant of the Jurik Relative Strength Index) with Schaff Trend Cycle oscillator logic to identify directional shifts in market momentum. Entry conditions are: a buy position opens when the indicator color value exceeds 5 and the previous value was below 6, while a sell position opens when the color value drops below 2 and the previous value was above 1, essentially capturing turning points in the trend cycle. Exit conditions include both active and passive exits: active exits close positions based on opposing indicator signals (BuyPosClose/SellPosClose flags), while passive exits rely on fixed stop loss and take profit parameters. Position sizing leverages multiple modes from the TradeAlgorithms.mqh library, including calculation based on free margin, balance, post-loss margin percentage, or fixed lot size, with the default using fixed lot mode (LOT). Money management is controlled by the MM parameter at a default risk ratio of 0.1, but it lacks dynamic position adjustment mechanisms based on volatility or ATR. The strategy incorporates a new bar detection mechanism to prevent duplicate trades and uses the SignalBar parameter to evaluate signals on a specified bar to reduce latency.