Price Channel with I-trend Strategy might be one of many easiest trend-following foreign currency trading programs you will have ever skilled. It applies solely two indicators to find out the market pattern and the commerce entries which retains its chart demonstration fairly easy. Its commerce signaling system is very easy that even a beginner dealer will have the ability to learn and apply them for actual buying and selling functions.
Price Channel with I-trend Strategy works on all kinds of timeframe charts inside the Foreign exchange Metatrader 4 buying and selling platform. Moreover, this method could be utilized to commerce all of the foreign exchange foreign money pairs out there across the monetary markets.
Desk of Contents
PRICE CHANNEL WITH I-TREND STRATEGY OVERVIEW
After the set up of Price Channel with I-trend Strategy on the MT4 terminal, your buying and selling chart will appear as if the next picture:
PRICE CHANNEL WITH I-TREND STRATEGY ANATOMY
Price Channel Cease V1: This singles indicator determines the path of the upcoming tendencies, alerts for commerce entries and helps to replace the cease positions of an lively place on the market primarily based on the worth motion adjustments. The principles of its utility are fairly much like the Transferring Averages. Price closing above its stage is taken into account because the sign for going lengthy alongside with the affirmation of the bullish pattern. Then again, worth holding its place under the indicator stage represents the promote sign alongside the bearish pattern of the market.
iTrend: iTrend has been added as a commerce sign filter of this method. It verifies the commerce alerts generated by Price Channel Cease V1. It plots each constructive and damaging bars on the identical time which can sound a little bit difficult however it’s not as complicated because it appears to be like. Its constructive bars flip blue and damaging bars flip crimson means the validity of the lengthy entry alerts. Oppositely, the constructive bars flip crimson and the damaging bars flip blue with a view to validate the brief entries.
PRICE CHANNEL WITH I-TREND STRATEGY: TRADING RULES
Price Channel Cease V1 seems under the worth bars
The constructive bars of iTrend turns blue and the damaging bars as crimson
Purchase triggers when each of the above circumstances are met on the identical time
Set stop-loss proper under the present Price Channel Cease V1 stage
Exit lengthy/take revenue each time a worth bar closes under the Price Channel Cease V1 stage
Price Channel Cease V1 seems above the worth bars
The constructive bars of iTrend turns crimson and the damaging bars as blue
Promote triggers when each of the above circumstances are met on the identical time
Set stop-loss proper above the present Price Channel Cease V1 stage
Exit brief/take revenue each time a worth bar closes above the Price Channel Cease V1 stage