FxChannelPro-the top channel indicator-is time-tested, is a full-fledged trading system.
The indicator algorithm generates an extended trading channel (blue lines), as well as trading signals in the form of arrows. Down arrow
(red) – a signal to sell or close a previously opened position to buy, the up arrow (green) – a signal
buy or close an early open sell position. The indicator also forms intermediate goal lines. In the upper left corner
the indicator displays the estimated estimated profit in points. The indicator is set in the usual way.
Advantages of the indicator
- works with any trade symbol
- works on any time period
- it can be used as a trading strategy for regular trading, scalping, or binary options trading
Recommendations for working with the indicator
1. Wait for a sell signal ( red down arrow ) or a buy signal ( green up arrow).
2. Open the position in the direction of the signal.
3. The first profit target is a quarter of the channel ( yellow line).
4. The second profit target is the middle of the channel ( green line).
5. The third profit target is the opposite border of the channel.
6. The stop loss is placed outside the channel boundaries at a small distance from the opening price, which makes trading in the channel more convenient.
safe.
This indicator has a huge potential for successful work of the trader…
[spoiler title=”Read More…”]
FxChannelPro-the top channel indicator-is time-tested, is a full-fledged trading system.
The indicator algorithm generates an extended trading channel (blue lines), as well as trading signals in the form of arrows. Down arrow
(red) – a signal to sell or close a previously opened position to buy, the up arrow (green) – a signal
buy or close an early open sell position. The indicator also forms intermediate goal lines. In the upper left corner
the indicator displays the estimated estimated profit in points. The indicator is set in the usual way.
- works with any trade symbol
- works on any time period
- it can be used as a trading strategy for regular trading, scalping, or binary options trading
1. Wait for a sell signal ( red down arrow ) or a buy signal ( green up arrow).
2. Open the position in the direction of the signal.
3. The first profit target is a quarter of the channel ( yellow line).
4. The second profit target is the middle of the channel ( green line).
5. The third profit target is the opposite border of the channel.
6. The stop loss is placed outside the channel boundaries at a small distance from the opening price, which makes trading in the channel more convenient.
safe.
This indicator has a huge potential for successful work of the trader…
[/spoiler]