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
How Entry Logic Work
In the EA there are four pre-define entry login. You select your entry logic by Selecting Channel Type -
Buy Entry - When Price Touch Lower Band it will open Buy trade.
Sell Entry - When Price Touch Upper Band it will open Sell trade.
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.
Buy Entry - Current candle close/touch from lower band price to above.
Sell Entry - Current candle close/touch from Upper band price to below.
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 -
IMPORTANT - To enable News Stop Trading and AutoGMT, tick the "Allow WebRequest" option and add this two URL:
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.
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