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Published:

2018.08.23 13:35

\MQL5\Include\

TradeAlgorithms.mqh (229.96 KB) view

\MQL5\Indicators\

CandleStop_System.mq5 (18.05 KB) view

Exp_CandleStop_System_Tm_Plus.mq5 (15.79 KB) view

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The trading system based on CandleStop_System 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=1920;           //Open position holding time in minutes

This Expert Advisor uses the compiled indicator file CandleStop_System.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

Testing results for 2017 on EURJPY H8:

Fig. 2. Testing results chart

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21541

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