Trend Surfing Channel
Forex Indicator TREND SURFING CHANNEL for MT4 , No Repaint, MetaTrader 4 platform.
- Upgrade your trading methods with the Trend Surfing Channel Indicator for MT4.
- This indicator is excellent for Trend Traders with entries during correction to middle blue line!!!
- Trend Surfing Channel consist of 3 lines: Blue middle line for location of Pending Limit orders
- 2 Red Channel lines - for breakouts detection and trend trailing
- Trend Surfing Channel indicator designed with the main purpose - to catch big long trends and minimizing losses in flat areas via Limit orders entry
- It has just 1 parameter(Period), responsible for indicator sensitivity.
- There are plenty of opportunities to upgrade even standard strategies with this indicator.
HOW TO USE TREND SURFING CHANNEL indicator:
1) For Buy Orders: wait for candle closing outside upper red line (see picture)
2) Once Breakout closing is confirmed - locate BUY LIMIT order on blue middle line.
3) Move BUY LIMIT order together with blue line until it is activated.
4) Exit from trade only when candle closed below lower red line (see picture) - this rule helps not to escape too early and get big profits4) Vice versa for short trades.