185# Barishpoltz Channel

Barishpoltz Channel with CHT Value Chart

Submit by Romy 01/04/2016

 

Barishpoltz Channel is a trading strategy with two great tools for trading in sideways market: Barishplzt Cannel and Vaue CHT Chart indicator.

Time frame 5 min or higher.

 

Financial Market any.

Metatrader indicators:

Barishpoltz Channel

Barishpoltz Fractal Channel

CHT Value Chart: reference:”The CHT_Value_Chart program is free software: you can redistribute

* it and/or modify it under the terms of the GNU General Public License as

* published by the Free Software Foundation, either version 3 of the License, or

* (at your option) any later version.

*

* CHT_Value_Chart is distributed in the hope that it will be useful, but WITHOUT ANY

* WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR

* A PARTICULAR PURPOSE. See the GNU General Public License for more details.

*

* You should have received a copy of the GNU General Public License

* along with CHT_Value_Chart. If not, see <http://www.gnu.org/licenses/>.

*

* FILE: CHT_Value_Chart_v2.5.mq4

* VERSION: 2.5

* AUTHOR: Thierry Chappuis <tc77@pygnol.ch>

* DESCRIPTION:

  • MT4 Custom indicator that aims at calculating and displaying a value chart.

 

Expiry time with binary options high/low 1 or 2 candles.

Trading rules Barishpoltz Channel

 

Find the sideways market with Barishpoltz Channel and Barishpoltz Fractal Channel.

a market is in lateral phase when the channels are parallel.

 

Buy

In sideways market CHT value chart touches (aggressive) or close below ( conservative) oversold asymmetric green line, buy at open of the next bar.

 

Sell

In sideways market CHT value chart touches (aggressive) or close above ( conservative) overbougth asymetric red line, buy at open of the next bar.

 

I prefer to use the conservative approach because it has a higher profitability.

 

The key of this strategy is the sideways market.

In the pictures Barishpoltz Channel in action.

Barishpoltz Channel with CHT Value Chart
Barishpoltz Channel with CHT Value Chart
Barishpoltz Channel with CHT Value Chart
Barishpoltz Channel with CHT Value Chart
Barishpoltz Channel.rar
compressed file archive 46.9 KB

Write a comment

Comments: 4
  • #1

    Gershon (Friday, 01 April 2016 20:35)

    Takeprofit , please ?
    thank you !

  • #2

    Alex (Saturday, 02 April 2016 21:10)

    what is the recommended TP ?
    thank's

  • #3

    Hanna (Monday, 04 April 2016)

    takeprofit , please ?

  • #4

    asdf (Tuesday, 10 May 2016 17:13)

    Barishpoltz Channel will make very large idling time on MT4. So regrettably, I can't use this indicator with other indicators for safety of trading.