Thread: Channel trading system
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Old 12-19-2005, 10:20 AM
newdigital newdigital is offline
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Channel trading system
It is simple trading strategies.
m217irr mentioned about it here but I did not understand it in that time.

This strategy is very good for the beginners and I started my forex with this strategy some years ago. And not me only. I know that Tartan started with this strategy as well and finally we have GoldWarriors EAs. When very experienced traders are losing money they try to trade by this channel for deposit to be recovered but most of them are trading from the borders of the channel to the direction of outside the channel, on break out. But I am not very experienced so I am trading inside. Sometimes I am using it to recover my deposit slowly.

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1. Channel Trading system for H1, H4 and D1 timeframes.
- Indicators and template are on post #8 of this thread.
We can use NonLagZigZag_v2 indicator from here instead of High_Low v2 (ZigZag).
- trading rules for this system: read from page #1 to page #3 of this thread.

This system was well-tested on demo and real account for many months.

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2. Channel Trading system for M5 timeframe.
- indicators and template are on post #77.
- trading rules for this system: to be defined.
Last edited by newdigital : 12-05-2007 at 02:17 PM.
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