Channel Trading - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources
Author of the idea : George F. Peskov , author of the mq5 code : Barabashkakon .
A trading system that uses the price channel principle. After the price goes above or below the channel border, a position signal is formed on the second bar. The trade should be made before the rollback, i.e. if the price touches the upper boundary, a sell operation is formed, and if it hits the lower boundary, a buy signal is formed. The position remains open until any stop loss level is reached or until it is closed via a signal. Use a trailing stop.
During testing, some currencies did not give any positive results on certain time frames (the limiting factor used was the retracement percentage). Therefore, there are a few things to consider: either the market entry and exit rules should be improved, or the channel trading method should not be used on these currencies on these timeframes.
Attachment download
📎 trade_in_channel.mq5 (48.91 KB)
Source: MQL5 #18824
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