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84# Channel Surfer Strategy

Price action trend-reversal strategy

Channel Surfer as trend direction

Submit by Leon

 

Channel Surfer Strategy is a price action reversal trend strategy based on dynamic and static levels of support and resistance but main levels are dynamic of Channel Surfer indicator, the other indicators are used to better interpret the direction indication of the Channel Surfer. This strategy is inspired by Janus trader's Future Projections and Agimat. Using the Channel Surfer, the reference to a multi time frame analysis is optional. However, it is always recommended.

Time frame 30 min or higher best time frame H1 and 4H (H1 filtered with H4 and H4 filtered with daily, optional)

Currency pairs: any.

Metatrader 4 Indicators

Zig Zag Pointer 115, 130, 80.

KG Support and resistance

Half trend Amplitude 2.0

Breakout Signal (alias beast super signal price action indicator based on the zig zag).

Powerful currency strength. (Powerful currency strength can be used to choose the currencies to trade on, strong currencies VS weak currencies).

Channel Surfer bars 240

Symbol Changer

Moving Average symple 13 periods

Price Grid

Future MACD (Mladen) 21, 50, 9.

Trading rules Channel Surfer Strategy

Long Entry

Channel Surfer pointing upward

green and yellow dot of KG Support and resistance below the candles.

Price close below 13 MA.

Zig Zag Hard buy arrow.

Breakout Signal buy arrow.

Half Trend Buy Arrow (timing entry in most situations this arrow is formed after the Breakout signal. in most situations this arrow is formed after the breakout signal. When the first half trend is formed enter on the arrow of the breakout signal).

Future MACD pointing upward.

Short Entry

Channel Surfer pointing downward.

Green and yellow dot of KG Support and resistance above the candles.

Price close below 13 MA.

Zig Zag Hard buy arrow.

Breakout Signal buy arrow.

Half Trend Buy Arrow (timing entry in most situations this arrow is formed after the Breakout signal. in most situations this arrow is formed after the breakout signal. When the first half trend is formed enter on the arrow of the breakout signal).

Future MACD pointing upward.

Exit position:

Place Initial stop loss on the previous swing high/low. Profit target at the levels of the grid but minimum ratio stop loss 1:1.2 (example if stop loss is 100 pips the profit target is 120 pips.).

This is a winnig strategy

 

In the pictures Channel Surfer Strategy in action.

Channel Surfer Strategy
Channel Surfer Strategy
Channel Surfer Strategy
Channel Surfer Strategy
Channel Surfer Strategy
Channel Surfer Strategy
Channel Surfer Strategy
Channel Surfer Strategy

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channel surfer strategy
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Autotrend Channel Trading System:thisTrading System is trend following. The trend is determined byautotrend channel.
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