• Overview
  • Reviews
  • Comments (3)

CAP Channel Trading

The CAP Channel Trading is a channel indicator. The Price below the lower yellow line represents the area for buying, the price above the upper yellow line represents the selling area. It is recommended to open positions when the price comes 30 points or closer to the channel border.


Input Parameters

  1. Configurations
    • Deviations- Band deviations.
    • Interpolate- Interpolate Mode identifies minimize channel levels. We recommend using it if you are an intraday trader.
    • Distance - Distance from the price to the channel.
  2. Notification
    • Signal Bar- work on the current bar / work on closed bars.
    • Enable Pop-Up Alerts: You will get an alert message in your MetaTrader 4 platform.
    • Enable Email Alerts: You will get an e-mail if you set up the correct e-mail settings for your e-mail provider at your MetaTrader 4 platform.
    • Enable Push Alerts: You will get a notification on your mobile device if you set up the mobile notification settings of your MetaTrader 4 platform.
    • Enable Sound Alerts: You will get an audio notification in your MetaTrader 4 platform.
    • Sound File Name (For Long): Enter the name of a sound file to hear an individual audio notification. The selected sound file must be installed in the “Sounds” directory of your MetaTrader 4 platform.
    • Sound File Name (For Short): Enter the name of a sound file to hear an individual audio notification. The selected sound file must be installed in the “Sounds” directory of your MetaTrader 4 platform.


Author

Mohammad Ali, technical analyst and speculator, software engineer and founder of Capilta Business Solutions.

No reviews