Caudate XPeriod Candle TM Plus EA
Info
The Caudate XPeriod Candle TM Plus EA is a Expert Advisor for MetaTrader 5 that a trading system utilizing indicator signals with a fixed position holding time. The signal is generated when a bar closes and a caudate candlestick appears.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Caudate XPeriod Candle TM Plus EA
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
A trading system utilizing indicator signals with a fixed position holding time.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: XPeriod Candle Trading System - another powerful expert for MetaTrader 5 traders.
A trading system utilizing indicator signals with a fixed position holding time.The signal is generated when a bar closes and a caudate candlestick appears. If the position holding time exceeds a predefined limit, the position is immediately closed.
Also recommended: exp xperiod candle system tm plus - similar expert with strong performance on MetaTrader 5.
For the EA to function correctly, the compiled caudatexperiodcandle.ex5 indicator file must be located in the terminal_data_directory\mql5\indicators folder.
The tradealgorithms.mqh library file supports EAs with brokers offering nonzero spread and the ability to set stop loss and take profit during position opening.
Default EA input parameters were used for testing. Stop loss and take profit were not utilized during the tests.
Fig. 1. Examples of deals on the chart
Testing results for 2026 on GBPUSD H4:
Fig. 2. Testing results chart
You may also like: Bear Bulls Power Expert Advisor - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.