Dynamic Channel Forex Support and Resistance Strategy
This strategy is a reversal trading strategy based on a Dynamic channel Support and Resistance indicator. This indicator is based on the Gaussian function.
Take note that this strategy is not for beginners because this is a complex strategy.
Forex Indicator:
- Spike bars indicator V.3,
- Support-Resistance indicator,
- Stochastic Cross Alert (3,2,2,),
- Damiani Volameter,
- Fx Trender (setting h1 oversold/overbought levels -0,45 , +0,45, setting h1 oversold/overbought levels -0,55 , +0,55).
Buy Entry:
Stochastic Cross Alert Green Arrow is valid when it meets one of the following conditions:
- Green Spike bars and Damiani Volameter green line below gray line.;
- Green Spike Bars and FX Trender below leveles -0.45.
Sell Entry:
Stochastic Cross Alert Green Arrow is valid when it meets one of the following conditions:
- Red Spike bars and Damiani Volameter green line below gray line.;
- Red Spike Bars and FX Trender above leveles -0.45.
For conservative trading:
- Buy: Green Spike Bars and FX Trender below leveles -0.45;
- Sell: Red Spike Bars and FX Trender above leveles -0.45.)
Exit position:
Place the initial stop loss at the previous swing.
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