If you're looking to step up your trading game, the DEMA Range Channel system could be just what you need. This innovative trading system signals entries and exits based on channel breakouts, and it even lets you set a fixed holding time for your positions. How cool is that?
The magic happens when a bar closes and the price breaks through the channel. You can customize how long you want to hold a position before it automatically closes if you exceed the preset limit. Here’s a quick look at the key inputs:
input bool TimeTrade=true; // Enable position exit by time input uint nTime=1920; // Open position holding time in minutes
To get started, you’ll need to have the compiled indicator file DEMA_Range_Channel.ex5 in your trading setup. Just drop it into your <terminal_data_folder>\MQL5\Indicators directory, and you’re good to go!
During testing, we used the default input parameters, and the results were promising. Check out the trade examples in the chart below:
Fig. 1. Examples of trades on the chart
Looking at the testing results for 2017 on the EURJPY H8 timeframe:
Fig. 2. Testing results chart
Comments 0