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Experts

Exp_XPeriodCandleSystem_Tm_Plus - expert for MetaTrader 5

Nikolay Kositsin | English Русский 中文 Español Deutsch 日本語 Português
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Exp_XPeriodCandleSystem_Tm_Plus.mq5 (20.05 KB) view
\MQL5\Include\
SmoothAlgorithms.mqh (130.2 KB) view
TradeAlgorithms.mqh (229.96 KB) view
\MQL5\Indicators\
XPeriodCandleSystem.mq5 (28.49 KB) view
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The trading system based on XPeriodCandleSystem indicator signals with the possibility to set a fixed position holding time. The signal is formed when a bar is closing if there is a channel breakthrough. Once position holding time exceeds a preset fixed limit, the position will be closed immediately:

input bool   TimeTrade=true;      //Enabling position exit by time
input uint   nTime=960;           //Open position holding time in minutes

This Expert Advisor uses the compiled indicator file XPeriodCandleSystem.ex5 for operation. Place it to <terminal_data_folder>\MQL5\Indicators.

Default Expert Advisor's input parameters have been used during tests shown below.

Fig. 1. Examples of trades on the chart

Fig. 1. Examples of trades on the chart

Testing results for USDJPY H4 over the year 2017:

Fig. 2. Testing results chart

Fig. 2. Testing results chart

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21539

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