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26# Double Channels Trading System

Channel Strategy

Submit by Joy22 (Written by Darmawan) 04/01/2012

 

1. Pairs => any
2. TF => 1H and above (never test on lower TF)

Indicators:

Nonlagdot(20)

IBFX-Waves.ex4

Supertrend

how to set the channels :
1st channel : draw/drag the equidistance channel line from A to C then put the other channel line on B
2nd channel : draw/drag the equidistance channel line from B to D then put the other channel line on C
then draw the horizontal line on A, B, C, D and all (i really mean All) channel line crossover to set the R/S line.
set your supertrend and nonlagdot to 20.

Rules :
=> Buy : supertrend and nonlagdot have the positive color could be blue or green depend on your color set

 

 


TP : next SR line ( i prefer to use nearest grid line to SR line)
Exit: supertrend or nonlagdot change to negative color red or depend on your color set or new price open below the support line.
=> SELL : opposite from buy condition.

 


In the pictures Double Channels forex system in action.

 

Double Channels

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Channel Forex Strategies