Dynamic Channel Trading Strategy

Dynamic Channel Strategy is designed for scalping, day trading and binary options.

Dynamic Channel Strategy is designed for scalping, day trading and binary options.

The strategy is based on the use of a channel of dynamic levels of support and resistance. The trading signal is a channel border price rally.

Dynamic Channel Strategy: Input Parameters

  • Currency Pairs: USD/JPY, EUR/USD, GBP/USD, USD/CHF, GBP/JPY, EUR/JPY, S&P 500, FTSE, DAX;
  • Deadline: M1 and M5;
  • Trading hours: London, New York;
  • Risk Management: Choose an option volume or lot volume so that the risk is no more than 2 – 5% of the deposit per trade.
  • Expiry time (when trading binary options): 10 candles.

Setting up a price chart

  • Unzipping the file;
  • Copy the template to the templates folder;
  • Copy the indicators to the MQL4 folder -> indicators;
  • Restarting the terminal;
  • Open the chart of the desired currency pair;
  • Install a template called Dynamic Channel.

Dynamic Channel Strategy is designed for scalping, day trading and binary options.

Signals that indicate the opening of a buy position

  • The price is in the area of ​​support levels and crosses two or more lines;
  • The Super Scalper indicator line changed color from yellow to blue;
  • Entering a position at the opening of the next candle.

Dynamic Channel Strategy is designed for scalping, day trading and binary options.

 

Signals that indicate the opening of a put option

  • The price is in the area of ​​resistance levels and crosses two or more lines;
  • The Super Scalper indicator line changed color from blue to yellow;
  • Entering a position at the opening of the next candle.

Setting Stop Loss and Take Profit orders

  • A stop-loss order is placed above/below the previous local high/low;
  • A Take Profit order is placed near the middle channel line.

A Dynamic Channel Strategy has simple trading rules, so it won't cause difficulties for novice traders. The advantage of the strategy is the ability to use it for scalping, intraday trading or forex trading. binary options. Every trader can use it based on their preferences.

5 / 5 - (5 votes)

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