Dynamic Channel Forex Support and Resistance Strategy

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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.


Forex Trading Strategies Installation Instructions

Dynamic Channel Forex Support and Resistance Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.

The essence of this forex strategy is to transform the accumulated history data and trading signals.

Dynamic Channel Forex Support and Resistance Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust this strategy accordingly.

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How to install Dynamic Channel Forex Support and Resistance Strategy?

  • Download Dynamic Channel Forex Support and Resistance Strategy.zip
  • *Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex strategy
  • Right click on your trading chart and hover onTemplate
  • Move right to select Dynamic Channel Forex Support and Resistance Strategy
  • You will see Dynamic Channel Forex Support and Resistance Strategy is available on your Chart

*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.

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