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Channel trading system - page 32

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Sergey Golubev
Moderator
101579
Sergey Golubev  

Hi pooh123,

I am trading during GMT day time and it is related to all the systams I am trading manually. Yes, I look at forex news events *especially on high impacted events) but not so much ... because this system is something about breakout and it may be related to news events too.

But I did not trade it for the long time ... if I forget something to reply so sorry.

thuginfinity
16
thuginfinity  

Indicator Simillar to

Please members post your suggestions for indicators similar to super-signal channel. Non-repainting ones preferably

I need Non repainting channel indicators similar

Mladen Rakic
71806
Mladen Rakic  

Removed some compiler issues from the NonLag ZigZag indicator : nonlagzigzag_v2.01.mq4

Indicator was originally posted here : https://www.mql5.com/en/forum/173261/page16

Files:
Sergey Golubev
Moderator
101579
Sergey Golubev  

Channel systems

  1. Channel trading system - the key thread 
  2. SHI Indicators thread 
  3. Price_Channel_v6-ea thread 
  4. Price Channel thread 
Sergey Golubev
Moderator
101579
Sergey Golubev  

Interesting EA (for MT5):

Flat Channel - expert for MetaTrader 5


Advisor Flat Channel is built on the breakdown of the flat channel. When finding a flat channel or slowing the movement of the market, the adviser puts a pending order for breakdown. Stop is equal to two channel widths. Recommended pair EURUSD and timeframe M30.

Sergey Golubev
Moderator
101579
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Something Interesting

Sergey Golubev, 2018.02.10 08:56

Interesting article was published yesterday - 

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The Channel Breakout pattern

The global market is an age-old struggle between sellers and buyers. Sellers want to earn more by selling at a higher price, while buyers are not willing to give their earned money and want to pay a cheaper price. According to the theory of economics, the true price is found at the point of equality of supply and demand. That seems to be true. However, the problem is in the market dynamics, because the volumes of supply and demand are constantly changing.

The struggle results in price fluctuations. These fluctuations form channels, which traders analyze to find market trends. In turn, these movements form fluctuations of a higher order. One of the first signs of trend change is the breakout of a formed price channel.

Channel Breakout System

The very first test showed that the strategy is able to make a profit. The EA performed only 26 trades which resulted in 10 open positions during the tested period. 80% of open positions were closed with profit. This gave a smooth growth of balance. Profit-factor according to the testing results was 4.06. It is a good result.



Muhammad Syamil Bin Abdullah
1247
Muhammad Syamil Bin Abdullah  

Maybe we can revive the 5min channel trading system for Metatrader 5.

Please download the attached zip file containing the indicators and also template for MT5.

Rules of how to trade, chart examples and trade result can be found on this thread, start from page 8.



Files:
Muhammad Syamil Bin Abdullah
1247
Muhammad Syamil Bin Abdullah  

And this the original setup files for MetaTrader 4 which can be found here 5 min Channel Trading System


Chart example :


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