Time based stop-loss or take-profit
This implementation would be to take profits or losses after a specified time, i.e. a hard stop after specified minutes, hours, or days.
This can be applied in conjunction with a regular stop loss and take profit, so if the market is not moving, then after a period of time the time-stop will take place so that you may move in, especially in a static market.
Ctrader Expert commented
Good idea for those candle squeeze moments.