Channel trading system - page 21
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Sorry, I'm not getting it
Can you lay down the rules for me again in a simple explanation, please.
Thanks
I can not now. I am not trading H1 or H4 system now so it will take may be 1 hour for me to remember it.
May be tomorrow.
But it was described on first 3 pages ... may be your confused in my words "will be reversed" ... but it is just support/resistance trading with other indicators' confirmation and I just described it in my words.
But it is really very old system. It is just the trading inside the channel (trading the trend) or/and trading on breakout. I was trading inside the channel (because it is much more easy and no need big deposit size even for H4 timeframe).
I used H4 timeframe.
question
I downloaded shi channel 4 and wondered is it better on a bigger time frame?
also any other channel indis out there that wont repaint?
thanks
shi channel is repainting and because of this repainting we can use this system.
SHI Channel Indicator on Longer Timeframes?
Very grateful for any help .......
(a) Can the SHI Channel Indicator be used for longer term trading decisions, e.g. is it useful on D1, W1, and MN timeframes?
(b) Is there a 'rule of thumb' for deciding on the values for the Input settings - 'AllBars' and 'BarsForFract' - for the various different timeframes .... M15, M30, H1, H4, etc.?
Regards, Richard.
I am using this channel for H4 timeframe sometimes. It is more good than M5 timeframe but I need to have more big
deposit size.
As to D1 and so on ...
this channel is just support/resistance lines so I am using Maksigen indicator (for support/resistance lines), Ichimoku indicator to trade, this thread https://www.mql5.com/en/forum/175824 , this one https://www.mql5.com/en/forum/general , AbsoluteStrength (this one and this one), level trading indicators (few threads are on the forum but it is the same case - suopport/resistance in MTF way and angle), Ichimoku few threads (this one and this thread and more), and of course - digital filters templates.
But I am using it for D1/W1 just to analyze the market. For technical analysis. I am using Ichimoku only for D1/W1 for trading ...
So, it is very personal.
I've never traded this channel for D1/W1 sorry.
Thank you !!
Wow, newdigital! Your knowledge of the threads in this Forum, of FX trading and indicators, and your contributions that help novice and experienced Traders alike, are awesome. Thank you.
And thank you for such a fast and helpful post. Regards, Richard.
Channel trading
What is the best channel indicator?
Lets discuss channel methods
Forum have this thread Lenka, and this other https://www.mql5.com/en/forum/173052
Another popular: https://www.mql5.com/en/forum/173317
It was great breakout today with M5 channel trading system: