Dynamic Channel Strategy

Dynamic Channel Strategy is intended for scalping, Daytrading and binary options.

The strategy is built on the use of a channel of dynamic support and resistance levels. The trading signal is a bounce of the price from the border of the channel.

Input parameters

• Currency pairs: USD/JPY, EUR/USD, GBP/USD, USD/CHF, GBP/JPY, EUR/JPY, S&P 500, FTSE, DAX
• Timeframe: M1 and M5
• Trading times: London, New York
• Risk management: choose such a volume of option or volume of lot, so that the risk was not more than 2-5% of the deposit per trade.
• Expiration time (when trading binary options): 10 candles

Used indicators

• Price Border (period 61, ATR multipler 2.6, period 110);
• Price Border (period 61, ATR multipler 2.7, period 110);
• Price Border (period 61, ATR multipler 3.4, period 110);
• Price Border (period 61, ATR multipler 3.8, period 110);
• Price Border (period 61, ATR multipler 4.2, period 110);
• Price Border (period 61, ATR multipler 4.6, period 110);
• Price Border (period 61, ATR multipler 5.0, period 110);
• Super Scalper Indicator (28 period).

Setting up the price chart

• Unpack the archive
• Copy the template into the templates folder
• Copy the indicators to the folder MQL4 -> indicators
• Restarting the terminal
• Open the chart of the desired currency pair
• Install a template named Dynamic Channel Strategy

The schedule should look like this:

Signals indicating the opening of a long position (buying a Call option)

• The price is in the zone support levels and crosses two or more lines;
• The Super Scalper indicator line has changed color from yellow to blue;
• Enter the position at the opening of the next candle.

Signals indicating the opening of a short position (buy Put option)

• The price is in the zone resistance levels and crosses two or more lines;
• The Super Scalper indicator line has changed color from blue to yellow;
• Enter the position at the opening of the next candle.

Setting Stop Loss and Take Profit Orders

• Stop Loss Order is set above/below the previous local maximum/minimum;
• Take Profit Order is set in the area of the median line of the canal.

Dynamic Channel Strategy has uncomplicated trading rules, so it will not cause difficulties for novice traders. The advantage of the strategy is that it can be used for scalping, intraday trading or binary options trading. Every trader can use it based on their preferences.

Download Dynamic Channel Strategy Template and Indicators

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