• Información general
  • Comentarios (3)
  • Discusión (5)

Magic Channel

4.5

Magic Channel is a channel indicator for the MetaTrader 4 terminal. This indicator allows finding the most probable trend reversal points.

Unlike most channel indicators, Magic Channel does not redraw.

The alert system (alerts, email and push notifications) will help you to simultaneously monitor multiple trading instruments.

Attach the indicator to a chart, and the alert will trigger once a signal emerges.

With our alerting system, you will never miss a single position opening signal!

You can test the program by downloading the demo version.

Magic Channel for the MetaTrader 5 terminal : https://www.mql5.com/en/market/product/64301

Advantages of the indicator

  • Perfect for scalping.
  • Excellent for identifying trend reversals.
  • Suitable for beginners and experienced traders.
  • Works on all timeframes.
  • The indicator does not repaint.
  • Flexible alerting system.
  • Chart customization (the size and color of lines).


Recommended symbols

USD/CAD, EUR/USD, USD/CHF, AUD/NZD, AUD/CAD, GOLD.


Recommendations on usage

Buy when the price crosses the lower line of the indicator upwards (see screenshot 1, entry points are encircled).

Open Sell orders when the price crosses the upper line of the indicator downwards.

The indicator is best suited for intraday trading, on the timeframe from M5 to H4.


Parameters

  • Period - key parameter responsible for the averaging period for calculating the indicator.
  • PRICE - price for the indicator calculation, OPEN or CLOSE can be selected.
  • Coefficient - channel width ratio. The higher the value, the wider the channel.
  • Alert - enable/disable Alert. If true - enabled, false - disabled.
  • Email - enable/disable sending e-mails. If true - enabled, false - disabled.
  • Push - enable/disable sending messages to the mobile terminal. If true - enabled, false - disabled.
  • clrUPPER - the color of the upper indicator line.
  • clrLOWER - the color of the lower indicator line.
  • Width - line width.


Comentarios 3
Marzipano
634
Marzipano 2018.05.28 14:18 
 

I like it...

RDI
1482
RDI 2019.05.18 23:32 
 

ok

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Eric John Pajarillaga Aldana
5 (3)
NOTE: TakePropips Donchian Trend Pro is only sold here at MQL5 and on our official website. If you see it on other websites, it is FAKE and the performance is not similar! Support and updates will not be provided on those who purchased or received the fake indicator on pirated websites. Please DO NOT use the indicator if its using the older version 1.20 as it does not accurately detect the trend. The current version is 2.70 which already fixes this issue and added more functionalities to the in
98 USD
CS ATR FIBO CHANNELS MULTI TIMEFRAME Additional tool to trade with Cycle Sniper Indicator. Cycle Sniper :  https://www.mql5.com/en/market/product/51950 Indicator Draws Channels based on: - Cycle Sniper Price and Moving Averages - ATR Deviations - Fibonacci Retracement and Extensions Features: - Multi TimeFrame - Full alert and Notification options. - Simple Settings - Finds the trend change or extreme reversals. Inputs: - Arrow Mode: ATR Levels or Median Line   If Median Line is selected
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PZ Harmonacci Patterns
PZ TRADING SLU
3.33 (6)
Este es posiblemente el indicador de reconocimiento automático de formación de precios más completo que puede encontrar para la plataforma MetaTrader. Detecta 19 patrones diferentes, toma las proyecciones de Fibonacci tan en serio como usted, muestra la zona de reversión potencial (PRZ) y encuentra niveles adecuados de stop-loss y take-profit. [ Guía de instalación | Guía de actualización | Solución de problemas | FAQ | Todos los productos ] Detecta 19 formaciones de precios armónicos difer
299 USD
A symmetrical triangle chart pattern represents a period of contraction & consolidation before the price is forced to breakout to the upside or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. Get the dashboard to monitor all instruments and time frames you trade for symmetrical triangle patterns at once! https://www.mql5.com/en/market/product/69169/ MT5 Version Available
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The Psychological levels indicator for the MetaTrader 4 terminal. Forex trading is very closely related to psychology. The psychological factors often cause spikes in demand or supply, which is bound to affect the movement of the currency quotes. In Forex, the price usually moves within a certain price corridor, the so-called psychological levels often serve as the boundaries of such corridors. Where are these levels located, and what causes their formation? The psychological Forex levels occur
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sphomin99
64
sphomin99 2019.09.05 22:44 
 

El usuario no ha dejado ningún comentario para su valoración

RDI
1482
RDI 2019.05.18 23:32 
 

ok

Marzipano
634
Marzipano 2018.05.28 14:18 
 

I like it...

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