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Channel Break

Channel Break indicator combines multiple channel breakout & price action strategies in order to predict price movements.

Recommended pairs: EURUSD, AUDUSD, NZDUSD.

Recommended timeframes: H4 and D1.

Indicator displays trading statistics of up to 10,000 trades per instrument and clear entry signals with green (buy) and red (sell) arrows.

MT4, email and push alerts can be enabled.

Never repaints signals.


Advantages

  • Instantly available statistics of up to 10,000 signals;
  • Never repaints signals;
  • No misleading statistics and data;
  • Very simple to use, no complicated inputs;
  • Unique high quality strategy combining multiple channel breakout and price action sub-strategies;
  • High quality product based on proprietary modules which are tested, verified and improved continuously;
  • MT4, email and push notifications;


Strategy

  • SELL ENTRY: enter on red arrow;
    • SELL EXIT #1: fixed SL and TP or additional indicator;
  • BUY ENTRY: enter on green arrow;
    • BUY EXIT #1: fixed SL and TP or additional indicator;


Statistics

  • OPEN TRADES: quantity of active signals;
  • LONGS: quantity of active buy signals;
  • SHORTS: quantity of active sell signals;
  • SIGNALS: quantity of past (expired) signals;
  • POSITIVE SIGNALS: quantity of profitable past (expired) signals;
  • TOTAL PIPS: quantity of pips from all past signals;
  • POSITIVE %: percentage of profitable signals.


Inputs

  • Candles from history to get stats: You can increase this value to get instant statistics of up to 10,000 signals for a given pair;
  • Virtual Fixed SL: user defined fixed SL to use for statistical analysis;
  • First Virtual TP Target: user defined fixed TP to use for statistical analysis;
  • Second Virtual TP Target: user defined fixed TP to use for statistical analysis;
  • Maximum Active Signals Per Instrument: Indicator won't display more signals till previous ones are closed either by Virtual Fixed TP or Virtual Fixed SL;
  • Maximum Active Buy Signals Per Instrument: Indicator won't display more buy signals till previous ones are closed either by Virtual Fixed TP or Virtual Fixed SL;
  • Maximum Active Sell Signals Per instrument: Indicator won't display more sell signals till previous ones are closed either by Virtual Fixed TP or Virtual Fixed SL;
  • Enable Alerts;
  • Enable Email Notification;
  • Enable Push Notification;
  • Buy Signal Color: Color for Buy Signal's Arrow;
  • Sell Signal Color: Color for Sell Signal's Arrow.
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