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2008.07.01 08:27
Experts

TC TradeChannel - expert for MetaTrader 4

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A variant of a trading system is implemented, it uses the principle of working in a channel (Price channel). The signals for opening a position are obtained on the second bar after the price has touched the upper or lower border of the channel. We are trading on a kickback, so when the price touches the upper border of the channel we perform Sell, when the lower one - we perform Buy. We keep the position until it's kicked by the stop or the entering is performed by the signal of position closing. The trailing is used.

Some currency pairs with several timeframes haven't demonstrated the positive results during testing (the only limiting factor was used - % of drawdown), so there is something to think about: to improve the rules of entering and escaping either or not to use this method of trading in the channel with this currency pairs at all.

Let's discuss....

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7756

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