Candle Stop System Tm Plus EA


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.