TrendManager Signal Trading with Fixed Holding-Time Exits

Summary

This expert advisor trades signals from the TrendManager indicator. A signal is generated when a bar closes and the indicator bar changes color or appears after being absent. The system can also close a position once its holding time passes a configured limit, making time-based exit an alternative to relying only on price stops or targets.

The document reports a test on GBPJPY using four-hour bars over 2017 and refers to example trades and a results chart, but supplies no numerical performance statistics or detailed test assumptions in the text. It also notes that the compiled indicator must be installed for the advisor to work and that its trading library expects brokers to support nonzero spreads and simultaneous stop-loss and take-profit placement. The reported test is limited to one pair and period.

Key ideas

• The advisor opens trades when a closed bar shows a TrendManager color change or a newly appearing indicator bar.
• A configurable holding-time limit triggers immediate position closure.
• The document cites a GBPJPY four-hour test over 2017 but gives no numerical results in the text.
• The required indicator file and broker support for simultaneous stop-loss and take-profit placement affect operation.

Tags

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