exp trend manager tm plus
Info
The exp trend manager tm plus is a Expert Advisor for MetaTrader 5 that the trading system based on indicator signals with the possibility to set a fixed position holding time. the trade signal is formed when a bar is closing if the color of the indicator bar has changed or it has appeared after an absence.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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 exp trend manager tm plus
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
the trading system based on indicator signals with the possibility to set a fixed position holding time.
Typical Use Case
This Expert Advisor excels in trend following 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: Quantora Trade Manager MT5: Advanced Position Management - another powerful expert for MetaTrader 5 traders.
the trading system based on indicator signals with the possibility to set a fixed position holding time. the trade signal is formed when a bar is closing if the color of the indicator bar has changed or it has appeared after an absence. once position holding time exceeds a preset fixed limit, the position will be closed immediately:
Also recommended: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - similar expert with strong performance on MetaTrader 5.
for the generated ea to operate correctly, the compiledtrendmanager.ex5
indicator file should be available in the <terminal_data_directory>\mql5\indicators folder.
default expert advisor's input parameters with stops have been used during tests shown below.
fig. 1. examples of trades on the chart
testing results for gbpjpy h4 over the year 2017:
fig. 2. test results chart
You may also like: Advanced Risk Manager: Auto Suffix Detection Multi-Currency Lot Sizer - 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.