Channel Indicator Pro – Free Version
Hi Forex Wiki Friends,
Channel Indicator Pro Description :
Channel Indicator Pro is an amazing and compelling instrument that consequently recognizes the bearing of the pattern and give you a section and leave signals.
This multi-work pointer incorporates the Donchian Channel , Statistical Dashboard Panel, and a Trend-Detection Scanner. It is intended to give you exchanging signs and save you hours breaking down the outlines!
Mechanized Entry and Exit Signals – identifies purchase and sell openings and gives you up to 3 take benefits and a stop misfortune.
Pattern Scanner – a multi-image and multi-time period scanner shows the heading of the pattern, achievement rate, and a general rating. The scanner works with all images and time spans.
Factual Dashboard Panel – shows the section value, take benefit, stop misfortune, achievement rate, and absolute benefit/loss of every cash pair so you know precisely the outcome .
Alarms, Email, and Push warnings – get notices when another purchase or sell signals are recognized so you never botch another exchanging opportunity.
Adjustable, non-repainting, no backpaints – effectively redo the shading and the format of the scanner. The marker never repaints or backpaints.
Can be utilized for scalping, intra day exchanging, and swing exchanging
iCustom mix is accessible for Expert Advisors to mechanize the exchanging signals
Broker Requirement :
Channel Indicator Pro Settings:
Donchian Trend Filter – sets the time of the Donchian Channel and the all out no. of bars to ascertain.
Assume Profit and Stop Loss – capacity to adjust the multiplier of assume benefit and stop misfortune. Higher multiplier may bring about a lower achievement rate (suggested is 1.0). You can likewise impair TP2 and TP3 on the off chance that you lean toward only one take benefit and furthermore cripple stop misfortune in the event that you like to ride the pattern.
Images and Timeframes – add the images and time spans you need the scanner to show.
Dashboard Scanner Style – change the design and shade of articles in the scanner.
Graph Style – change the tones and perceivability of items attracted diagram.
Ready Notification – get alarms through email, versatile pop-up messages or MetaTrader cautions window when another purchase or sell signals are distinguished.
Channel Indicator Pro Trading:
How to setup a trade?
Make your trading much simpler with this 3 simple steps!
1. Trade Analysis
Enter a trade if success rate is 70% or greater and the profit shows positive
2. Take Profit
Option 1 – Take profit on TP1
Option 2 – Partial Take Profit on TP1 and close remaining positions on TP2 and/or TP3
Option 3 – Take Profit on opposite signal and ride the trend
3. Stop Loss
Option 1 – set your fixed stop loss level based on provided SL value in the dashboard panel
Option 2 – exit your buy position on a new sell signal and exit your sell position on a new buy signal