Exp_CandleStop_System_Tm_Plus - MetaTrader 5 Expert

The trading system is based on the CandleStop_ system, which can set indicator signals for a fixed holding time. If the channel breaks, a signal is formed when the bar closes. Once the position holding time exceeds the preset fixed limit, the position will be closed immediately:

 Input boolean time trading = true ; //enable closing positions by time
Input unit n time = 1920; //Position time (minutes)

This Expert Advisor operates using the compiled indicator file CandleStop_System.ex5 . Place it in <terminal data folder>\MQL5\Indicators.

The input parameters of the default Expert Advisor have been used during testing, as shown below.

Figure 1. Example of trade on chart

2017 EURJPY H8 test results:

Figure 2. Test result graph

Attachment download

📎 tradealgorithms.mqh (229.96 KB)

📎 candlestop_system.mq5 (18.05 KB)

📎 exp_candlestop_system_tm_plus.mq5 (15.79 KB)

Source: MQL5 #21541