520# Channel Buy Sell
Holy Grail indicator trading
Submit by Lorenz 07/05/2016
Channel Buy Sell is a trend following strategy based on envelopes and grail indicator (developed by Proximus). This strategy is clear and simple.
Time frame 15 min or higher.
exponential moving average period 7, close, shift -1;
exponential moving average period 6, open, shift -1;
Magic grail 1.6, main period 10, ADX 7. (In the folder in attach there are other versions of Magic grail but the best is MG 1.6);
Envelpes ma period 233, ma shift 3, deviation 1.44.
Trading rules Channel Buy Sell
Above the middle line of the envelopes ( blue line) only buy.
Below the middle line of the envelopes (blue line) only sell.
Price above middle line of the envelpes.
Magic grail 1.6 indicator buy arrow.
MA 6 > MA7.
Price below middle line of the envelpes.
Magic grail 1.6 indicator sell arrow.
MA 6 < MA7.
Exit position more options:
at the opposite arrow;
with predetermined fast profit target (reccomended).
In the pictures Channel Buy Sell in action.