Channel Extension Pro

This signal is the same as Channel Extension but set to Professional level.

The more aggressive settings are for the professional traders who understand the risk and rewards involved in next level trading. 

The Channel Extension signal is a strategy that looks for volatility outside the mean average channel with the premise that the price will return to the channel median once the volatility has got back to normal levels.

Multiple trades on the same currency pair can be placed and the cumulative average is used for the combined take profit.

The safety control for this approach is that should the price not return to the channel the cumulative loss will be closed at a certain % of the balance.

The account is monitored on a regular basis. 

The ideal min balance is 1,000

Drawdown is managed by the cumulative stop loss feature across individual currency pairs, a key part to long term trading. 

Note: -

Trading will not happen every day and depends on the market conditions being favourable before a trade is started. 

Also, on the same note multiple trades can happen at similar times should the opportunity present itself. 

Please see my other signals and products  -   https://www.mql5.com/en/users/jims99/seller