USER GUIDE - CAP Channel Trading EA

17 January 2020, 10:18
Mohammad Ali
0
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USER GUIDE

CAP Channel Trading EA is Expert Advisor that base on our famous indicator CAP Channel Indicator.  EA is a non-optimized expert advisor you have to find best setting by yourself. Who using our CAP Channel Indicator and looking for EA that base on Channel indicator this EA is best for them. We give lots of options so you can customize your trading strategy.



CAP Channel Trading EA

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    How Entry Logic Work


Entry Signal

In the EA there are four pre-define entry login. You select your entry logic by Selecting Channel Type -


  1. Strategy1

    Buy Entry - When Price Touch Lower Band it will open Buy trade. 
    Sell Entry - When Price Touch Upper Band it will open Sell trade. 



  2. Strategy2

    Buy Entry - When Previous Candle Touch Lower Band and Current Candle is Bullish then it will open Buy Trade.
    Sell Entry - When Previous Candle Touch Upper Band and Current Candle is bearish then it will open Sell Trade.



  3. Strategy3

    Buy Entry - Current candle close/touch from lower band price to above.
    Sell Entry - Current candle close/touch from Upper band price to below.



  4. Strategy4

    Buy Entry - Previous candle high price are below from lower band and current candle close/touch from lower band price to above.
    Sell Entry - Previous candle low price are above from upper band and current candle close/touch from Upper band price to below.




Input Parameters of The EA


Please read our common input parameters that use our several product -  
https://www.mql5.com/en/blogs/post/730083



IMPORTANT -     To enable News Stop Trading and AutoGMT, tick the "Allow WebRequest" option and add this two URL:

  1. http://ec.forexprostools.com
  2. http://time.is/UTC

to the list of URLs for WebRequest. To do this, open Tools > Options > Expert Advisors. Check the option "Allow WebRequests for listed URL:". Add the following:      "http://ec.forexprostools.com","https://time.is/UTC" and press "OK". The EA takes news from the specified websites.




Free Download

MT4 version - Click Here

MT5 version - Click Here

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