543# Magic High/Low Channel
Trading with the channel
Submit by Aksyon 19/09/2016
Magic High/Low Channel is a template Metatrader 4 for trading trend following and reversal. This template is also good for trading with binary options high/low.
Time frame 1 min or higher.
Trending slow channel 85, quick channel 21;
Trend signal 2.1 (ultra optimized setting 94 6):
Donchian channel 8only for trending trading).
Trading rules Magic High/Low Channel
Donchian channel buy arrow
Trend signal buy arrow.
Donchian channel sell arrow.
Trend signal sell arrow.
when appears the aqua dot wait the first buy arrow of the trend signal.
when appears the red dot wait the first sell arrow of the trend signal.
Exit position at the opposite arrow or 1 pips before of the channel.
Place initial stop loss below/above the last swing point.
Binary options expiry time 3-4 candles time frame 5 min or higher.
Share your opinion, can help everyone to understand the forex strategy
Rummo (Wednesday, 14 November 2018 09:52)
Great Strategy for day trading. Similar at the quantum channel!!