repaint
CAP Channel Trading
The CAP Channel Trading is a volatility-based indicator that makes use of the “advanced envelope theory”. These envelopes consist of two outer lines. Envelope theory states that the market price will generally fall between the boundaries of the envelope (or channel). If prices move outside the envelope, it is a trading signal or trading opportunity.
Read the user guide
To understand the concepts behind this indicator and learn to use it, kindly read this blog post.
How to trade
Basically CAP Channel Trading can be used to help identify overbought and oversold conditions in a market. When a market’s price is close to the upper band, the market is considered overbought (buying area). Conversely, when a market’s price is close to the bottom band, the market is considered oversold (selling area). Indicator give you arrow signal when price try to reversal. It is recommended to open positions when the price comes 30 points or closer to the channel border.
However, this study can be used to help determine the strength of a price trend. Some traders use a market price move and price close that is above the upper band of the CAP Channel Trading as a buy signal, and use a push below and price close below the lower band as a sell signal.
An advantage of CAP Channel Trading indicator compared to other channel indicators is that market lag is not as pronounced because CAP Channel Trading are extremely sensitive to fluctuations in volatility.
By varying the bands on the most recent average daily price range, the channels will naturally be a greater distance from the market when the price swings are wide than when they are narrow. However, they will stay at a much more constant width than other envelope methods.
EA Base On This indicator
Lot of client are requested us to develop a EA that work with cap channel indicator. So are publish a EA full base on this indicator - CAP
Channel Trading EA. This EA is a non-optimized expert advisor you have to find best setting by yourself. Who using our CAP
Channel Indicator and looking for EA that base on Channel indicator this EA is best for them. We give lots of options so you can customize
your trading strategy.
MT4 Version - Click Here
MT5
Version -
Click Here
Supporting EA
You can be use this indicator for initial trade our's below EA
Input Parameters
- Configurations
- Deviations- Band deviations.
- Minimum Bar Redraw - Minimum to re-calculate to draw the channel.
- Show Analysis Report - Show analysis repost on chart.
- DisplayProfits - Display profit of every signal on chart.
- 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.
Mahmoud Magdy
2019.12.16 09:33
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Good indicator to use on H4 and daily , but you should learn how to use it with your strategy
mwaschkowski
2019.11.15 23:26
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Great indicator for H4 and D1 time frames, provides a good basis for knowing when to open trades, recommended!
Alejandro Alvarado
2019.10.31 01:48
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I used over 50 trades (30 min and 1H chart) on the demo account make me lose money.
Every time I refresh the chart changes the signal (repaints, never backpaints, recalculates).
Please don't waste your money.
Rafael Esparragoza
2019.10.01 19:27
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He comprado robots que al final me hicieron perder todo, creo que este indicador es mucho mas valioso que EAs que prometen fortuna. Con este indicador me atreví hacer trading manual en H4 y la verdad me ha dado mejores resultados que muchos robots que me hicieron perder todo.
Gracias por este gran indicador.
Yolanda Fernandez
2019.07.25 22:50
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He comprado muchisimos indicadores, robots muchos más caros que éste y en éste he encontrado una estrategia ganadora al 100%, eso sí, operando en swing , timeframe 4H. Todas las divisas y materias primas, para indices sinceramente no lo usaría. Saludos.
Pit L.
2019.06.07 22:12
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Dieser Indikator ist sehr schlecht. Ist ein sehr schlechter Repaint Indicator,im Handel absolut nutzlos.
Die Entry Pfeile verschieben sich ständig.
Die " Statistik " geht von dem Maximal möglichen Gewinn aus ,ab dem Zeitpunkt da der Eintritt Pfeil erscheint.
Da der Indicator aber permanent repaintet, ist Die Pseudo Statistik komplett falsch und nicht richtig !
Leider ein sehr nutzloser Indicator.
Wenn sie dafür bezahlen ist es Betrug. Der repaint Indicator ist zum Glück kostenlos,ist aber völlig nutzlos.
Barbara Schraml
2019.03.29 08:57
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Leider habe ich ihn mir heute gekauft aber ich kann ihn mir nicht runterladen
Ning Liu
2019.03.28 10:09
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This indicator contains future function!!
That mean the indicator will re-calcuate the past channel value to fit the price. It is easy to write a small EA to write the indicator's channel value into a file, and monitor it. I keep track 100 unit. The indicator modify all 100 past data. No wonder the channel fit the price so nicely!!!
But it wont work in the real trade, because the indicator use future price to calcuate the current channel, when you use the current channel as the entry point, you will soon realize, after a few hour, the channel shifted.
The writer is cheater!! Dont buy it!
There are a lot indicator contains future function. Buyer need to be very careful!
Samuel Maurer
2019.03.13 00:31
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I signed the indicator for 1 year on MT4, I have activations available yet, I get intact in mt5 too?
Sohail Babar
2019.02.21 04:43
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Plese do not install this indicator...i swear i lose many of funds by this indocator...lets me explain
WHEN they alret for buy and put the order...and thats time the markit dawon and cross the 150 pips after the markit goes in bullish mode only 34 pipsthey give a sell signal....that mean you loss 116 pips....
THIS indicator show that we win all signals.....hhhhhhhhhhhhhhhbbhh
I did not see this cheatible person in the world
IF any one want proof contactc me inbox...kindly save your capital ...
Olga Snizhko
2019.01.08 22:50
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The indicator redraws the channel, the current channel of the entry point offered by the adviser in real time, then does not match in history. I bought GBPEUR at the bottom of the 4 hour channel, and then after two weeks, the adviser redrawed everything and the price was in the middle of the channel not the entry point, garbage.
luisjunior1226
2018.12.01 16:37
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Es el mejor indicador que jamas he probado en esta tierra! Me encanta, mi trading ha mejorado muchisimo desde que comence a usarlo, es lo mejor que he encontrado desde que comence a operar en forex!
Haseebsh88
2018.11.17 18:21
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Amazing indictor..People are sending shit reveiws because they dont know how to use it and they are desprate to get cash in their pockets !! Please guys, Stop negative reveiws. Its very simple and seriously advised by the author that its a long trading indicator. This doesnt work good on M1, M15, M30 or even H1. This indicator is for H4 and D1. I bet you will never loose your money. Im using since a while now. For more clarrification, Inbox me !! Pls stop negative reveiws..
traydmark
2018.10.13 06:33
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Indicator repaints. Better to use with a candlestick indicator to identify major candlestick reversals (e.g., bullish/bearish reversal candle, pin bar/hammer, etc.), and Bollinger Bands set to 20, 0, 2. Breach of Bollinger Bands and Channel help indicate reversal. This will improve accuracy. Set stop loss or hedge trade at high of candles that breached channel. Good indicator if you use it correctly.
Ovied
2018.10.12 19:14
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Outstanding. Use 15 min chart. Wait til price hits channel line and chose your entry. I have won 11 trades in a row and this is my first day using this indicator.
********
After further testing, I have concluded this is the best indicator on the market!!! On Real account use higher time frames!
Chun To Gordon Chan
2018.07.25 02:16
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Very good indicator. Overall it can be better if there is an EA working with it.
Michael Eichinger
2018.07.19 19:24
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I have an EA that I am running successfully. I added this indicator to my chart and found it could be used to filter out 80% of my bad trades! Center line can be used for confirmation of other strategies for long trades below and short trades above. I also see that a number of conditions may be applied to the upper and lower bands and price correlations as well with MA's to possibly establish another EA strategy. Entries suggested by this indicator must be filtered but, they are nicely setup. icustom is required
MATT_OG
2018.07.06 13:26
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Good channel indicator. The people who are giving 1 star reviews clearly do not know how to use it. You cannot just use it on its own, it has to be incorporated within a strategy using filters. You cannot just blindly enter a trade when price touches the upper or lower bands. I have had success using this with 1 - 2 pip renko boxes and a TMA + CG indicator, and a stochastic oscillator, as well as trading in and around key intra-day level of support and resistance. Also looking at the ADR, previous days high, low and open price, standard intra day stuff. I do recommend this indicator.
Hing Leung Chan
2018.07.05 22:47
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Interesting indicator. Looking to use it for trend trading trade entry confirmation. So far so good! Will give it a proper review afterwards.
Matthew Todorovski
2018.06.30 13:19
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1 Star (20%) = Bad
2 Star (40%) = Undecided
3 Star (60%) = Acceptable
4 Star (80%) = Good
5 Star (100%) = Excellente!
wilsonlow513
2018.04.26 01:25
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It is a great Dynamic Channel Indicator. my only worry is when a big trend comes and breakout the channel lines. Nevetheless, it is a great tool for Channel Traders
Yvonne
2018.04.17 11:45
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Yes this indicator repaints as it is "Dynamically Drawn" This doesn't NOT mean it is a bad indicator. You need to use it the way it is intended and be a little more sophisticated in your trading than just point and shoot when an arrow comes up! You need to confirm the trade by trading with the trend. If you also only take the trade when the price re-enters the channel as this will increase your number of winners.
QuantumSun
2018.04.16 18:29
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Repaint. I have monitored the indicator for a week, the 100% successful rate is totally depend on repaint. I don't want to rate it even one star.
Richard Jehl
2017.12.21 22:57
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I find it very useful to grab OB/OS condition, to confirm with ADX and Supply/Demand indicator, and preparing trend reversals. Please try different settings. Mainly on H1 and above.
Fxpro Trader Technical
2017.08.17 15:40
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Please Beware this is a repaint indicator and is another garbage created by this seller to suck you in, don't be fool and waste your 10 for this simply nonsense not working indicator, very unsatisfying customer!!! Never come back
Sjoerd Hof
2017.07.29 18:25
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Good and easy to use indicator! I use this with a grid martingale system on different time frames and several currency pairs. Going with the trend has the best results and stay out of big news events on the smaller timeframes.
Richard Caughell
2017.04.09 14:44
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Indicator is bugged out, repaints, and the statistics it gives on the side are very inaccurate. The developer is trying to fool traders. Besides you cant even backtest it to see how it does.
JustUncleL
2017.04.01 06:48
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This is a great Channel based indicator. The alerts generated are good entry points, I get better results though by taking the trades that follow the slope, I will only take both long & short when channel flat and ranging. I use it in combination with the CAP Zone Recovery EA Pro and I don't trade near major news events.
Version 5.50
2020.02.11
-->Minor Update.
Version 5.20
2019.12.14
-->Minor coding update.
Version 5.0
2019.04.16
-->Improved Coding.
-->Fix some minor bugs
-->Fix some minor bugs
Version 4.10
2019.04.02
-->Fixed Alert Message Problem.
Version 4.0
2019.02.22
-->Improved coding.
-->Logic are same. Nothing change.
-->Add Refresh button. So click on button when you show mismatch data.
-->Logic are same. Nothing change.
-->Add Refresh button. So click on button when you show mismatch data.
Version 3.0
2018.03.13
- Improved Coding.
- Draw Mid line.
- Draw Mid line.
Version 2.10
2017.03.02
-Fix some bugs.
-Improve logic.
-Add Analysis Report On chart.
-Improve logic.
-Add Analysis Report On chart.
REPAINT, Please screenshot what is displayed as a useless indicator today, then pay attention and a few days or even weeks in the first screen shot, there is clearly a repaint, this is a misleading indicator