Watch how to download trading robots for free
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal

Trade in Channel - expert for MetaTrader 4

votes: 23
2005.12.03 09:56
2014.04.21 14:52
tradechannel.gif (10.08 KB)

    A form of trading system using Price Channel principles has been implemented. Signals for opening a position are received at the second bar after the price touches the upper or the lower border of the channel. It must be traded for rebound, i.e., if the upper border is touched, the Sell operation is performed, if the lower one, the Buy is. The position is kept open until either stop beats out or position is closed by the corresponding signal. Trailing is used.

    When tested, some currencies did not give at some timeframes any positive results at all (the only limiting factor used was % of drawdown), so, there is something to think of: either rules of entrance into and leaving of market must be improved, or methods of channel trading must not be used for these currencies at these timeframes at all.

Period Converter Optimized Period Converter Optimized

Improved period converter support real-time refreshing, low CPU cost and other features.

Period Converter Period Converter

Use this script to make own nonstandard timeframes.

Average Directional Movement Index, ADX Average Directional Movement Index, ADX

Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

DeMarker DeMarker

Demarker indicator is based on the comparison of the period maximum with the previous period maximum.