DEMA Range Channel Breakouts with a Time-Based Exit

Summary

This expert advisor trades signals from a DEMA Range Channel indicator. It opens a position when a bar closes after breaking through the channel, then closes the position once its holding time reaches a configured limit. The described setup makes the holding period an explicit exit rule alongside the indicator-based entry signal.

The document refers to a test on EURJPY using eight-hour bars for 2017 and says default advisor parameters were used. It provides no numerical performance statistics or details about the indicator’s construction, position sizing, stop loss, or transaction costs. The compiled indicator file is also required for operation. As presented, this is a concise description of a breakout system and its time exit, not enough evidence to assess profitability or robustness across markets and periods.

Key ideas

• The entry signal occurs when a bar closes after price breaks through the DEMA Range Channel.
• Positions are closed when their holding time exceeds a configured limit.
• The stated example tests EURJPY on eight-hour bars during 2017 using default parameters.
• The document gives no numerical test results or details on costs, sizing, or protective stops.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.