Double Channels Forex Support and Resistance Strategy

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Double Channels Forex Support and Resistance Strategy

You can use this system to any currency pairs and works on a 1 hour timeframe. Never ever use on lower timeframes.

Forex Indicators:

  • Nonlagdot(20)
  • IBFX-Waves.ex4
  • Supertrend

how to set the channels :

  • 1st channel : draw/drag the equidistance channel line from A to C then put the other channel line on B
  • 2nd channel : draw/drag the equidistance channel line from B to D then put the other channel line on C
  • Draw the horizontal line on A, B, C, D and all (i really mean All) channel line crossover to set the R/S line.
  • Set your supertrend and nonlagdot to 20.

Buy Entry:

  • Supertrend and nonlagdot have the positive color could be blue or green depend on your color set
  • Target Profit is next SR line. You can use neared grid line to SR line.
  • Exit Position: supertrend or nonlagdot change to negative color red or depend on your color set or new price open below the support line.

Sell Entry: opposite from buy condition.


Forex Trading Strategies Installation Instructions

Double Channels 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.

Double Channels 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 Double Channels Forex Support and Resistance Strategy?

  • Download Double Channels 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 Double Channels Forex Support and Resistance Strategy
  • You will see Double Channels 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.

Click here below to download:

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