If you're looking to up your trading game, the Absolutely No Lag Lwma Range Channel trading system is a solid choice. This EA (Expert Advisor) not only signals trade opportunities but also allows you to set a specific holding time for your positions. Here’s how it works:
The EA generates a signal when a bar closes, especially if there's a breakout from the channel. If the holding time you've set exceeds the limit, the position will close automatically, allowing you to manage your trades proactively.
input bool TimeTrade=true; //Enable timed position exit input uint nTime=480; //Position holding time in minutes
This EA relies on the compiled indicator file AbsolutelyNoLagLwma_Range_Channel.ex5. Make sure to place it in your <terminal_data_folder>\MQL5\Indicators directory to get it up and running.
During the tests outlined below, we used the default input parameters for the EA. Check out the results:
Fig. 1. Examples of trades on the chart
Here are the testing results for 2017 on the EURJPY H4 timeframe:
Fig. 2. Testing results chart
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