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Channel Trading Strategy

This Expert Advisor follows your channel lines that you draw. and when the price reaches these support and resistance trend lines, EA send open or close order automatically.

You must draw two trend line with same color for EA to work, not equidistant channel line. and this color must be specified in ChannelColor parameter

Strategies:

  1. Inside Channel Strategy:
    • If the price reaches bottom trend line, the EA will place a buy order. and when the price reaches the top trend point, EA send close order.
    • If the price reaches top trend line, the EA will place a sell order. and when the price reaches bottom the trend point, EA send close order. 
    • You can use trailingSLPip parameter with this strategy for profit maximizing. 
  2. Outside Channel Strategy: 
    • If the price reaches bottom trend line, the EA will place a sell order. and when the price reaches the take profit point, the position is closed. 
    • If the price reaches top trend line, the EA will place a buy order. and when the price reaches the take profit point, the position is closed. 
    • You can use both takeProfitPip and trailingSLPip parameters with this strategy for profit maximizing. 

Multi Direction:

  • sellOrder: If you set it to false, the EA will only place buy orders.
  • buyOrder: If you set it to false, the EA will only place sell orders.
  • If you set both to false, the EA won't place any orders.
  • If you set both to true, the EA can place sell and buy orders.

Money Management:

  • lossOrderLimit: You can set limit for the consecutive loss count. so if the EA reaches this numer, it won't place a new order before you increase this number.
  • lotSize: You can define fixed lot size for all positions
  • riskPercentage: or if you choose risk percentage than the EA can calculate the lot size as much as the portion of your balance that you risk

Other Parameters:

  • strategy : The choice of strategy
  • channelColor : The color of the channel trend lines that you draw. The two trend lines should be the same color.
  • magicNumber : The magic number for EA. (You should set different number for different time frames of the same pair)
  • addTrendLines : If there is no trend line on the chart, the EA will add two horizontal line on the chart.
  • autoCalcSL : If this parameter is true, Stop Loss Price will be calculated automatically. SL = (Channel Height)/3
  • stopLossPip : Fixed pip number for Stop Loss (*You can set "0" for deactivate SL)
  • autoCalcTP : If this parameter is true, Take Profit Price will be calculated automatically. TP = (Channel Height)
  • takeProfitPip :  Fixed pip number for Take Profit  (*You can set "0" for deactivate TP)
  • autoTrailingSL : If this option is true, Trailing Stop Loss will be activate
  • trailingSLPip :  Fixed pip number for Trailing Stop Loss  (*You can set "0" for deactivate TSL)


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Promoción de lanzamiento! ¡Solo quedan unas pocas copias a 449 $! Próximo precio: 599$ Precio final: 999$ Obtenga 1 EA gratis (para 2 cuentas comerciales) -> contácteme después de la compra Ultimate Combo Deal   ->   click here Live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set File JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro se une al club de Gold Trading EA, pero
Please do not   pm   me if you are asking for:  Discount ( Price will go back to original price 3800 in the future ) Backtesting result ( We don't trust mislead informations ) (LOJ IS NOT A HFT Strategy, Will not be violated by Prop firm rules) We don't rely on backtest results. The backtesting environment can't access our database to retrieve historical data. We aim to provide clarity to EA traders and not mislead them. The best approach is to monitor our signals. If you're wondering how to ve
Big Forex Players MT5
Marzena Maria Szmit
4.84 (50)
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
Versión MT4: https://www.mql5.com/en/market/product/104871 Monitoreo de rendimiento del desafío HFT MT5 (no para cuentas reales): Corredor: Fusion Market Inicio de sesión: 89600 Contraseña: Greenman89$ Servidor: FusionMarkets-demo Más de 700 reseñas auténticas de 5 estrellas para la versión MT4 lanzada anteriormente: https://www.mql5.com/en/market/product/104871?source=Unknown#!tab=reviews Canal público: https://www.mql5.com/en/channels/hftpropfirmea Versión MT4: https://www.mql5.com/en/market/p
Waka Waka EA MT5
Valeriia Mishchenko
4.1 (39)
EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
Parrots Breaker
Siti Hadijah Lena
4.67 (3)
Only  3 copies left at current   price!,   Next Price 799 USD.   So   Come on Hurry up!    Parrots   Breaker   MT5  EA is an Expert Advisor that is smart, powerful and accurate in determining entries. Parrots   Breaker   MT5  EA works based on the concept of trend following  combined  with   Break of Internal Structure and   trading levels. Live Signal 1 Parrots   Breaker   MT5  EA is an Expert Advisor that is safe and focuses on long-term use. Backtest   Result is Fantastic. This EA does not us
Bitcoin Robot MT5
Marzena Maria Szmit
4.43 (40)
The Bitcoin Robot MT5 is engineered to execute Bitcoin trades with unparalleled efficiency and precision . Developed by a team of experienced traders and developers, our Bitcoin Robot employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with M5 timeframe , ensuring that you never miss out on lucrative opportunities. No grid, no martingale, no hedging, EA only open one position at the same time. Bit
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
Promoción de lanzamiento: Número limitado de copias disponibles al precio actual Precio final: 990$ Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files ¡Bienvenido a DayTrade Pro Algo!   Después de años de estudiar los mercados y programar distintas estrategias, he encontrado un algoritmo que tiene todo lo que necesita un buen sistema de trading: Es corredor independiente Se propaga independiente Muestra p
Boring Pips MT5
Thi Thu Ha Hoang
4.71 (28)
¿Alguna vez te has preguntado por qué la mayoría de los asesores expertos no son efectivos en el trading en vivo, a pesar de su perfecto rendimiento en las pruebas retrospectivas? La respuesta más probable es el sobreajuste. Muchos EAs se crean para 'aprender' y adaptarse perfectamente a los datos históricos disponibles, pero fallan en predecir el futuro debido a la falta de generalización en el modelo construido. Algunos desarrolladores simplemente desconocen la existencia del sobreajuste, o l
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Enrique Enguix
4.5 (12)
¿Por qué fallan la mayoría de los Asesores Expertos (EA)? Muchos Asesores Expertos dependen de ventajas estadísticas temporales que desaparecen cuando el mercado cambia, lo cual sucede continuamente. El problema de la sobreoptimización Además, la mayoría de los desarrolladores caen en la trampa de ajustar minuciosamente sus EA para lograr resultados perfectos en el pasado, sin darse cuenta de que esto no se traducirá en el rendimiento futuro del mercado. Es crucial realizar pruebas qu
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Versión 1.7 2022.11.29
- Trend lines were hidden in the object list for preventing wrong deletion.
Versión 1.6 2022.08.24
- Added terminal outputs for debugging.
Versión 1.5 2022.08.24
- Some bugs fixed
Versión 1.4 2022.08.15
- Added MagicNumber input
Versión 1.2 2021.11.10
- Some bugs fixed
Versión 1.1 2016.04.22
- Some bugs fixed