Forex Channel trade Robot

The Forex Channel trade Robot fits candlesticks into a channel. Once the channel is broken, a trade is opened.

It is a new trade direction for me.

However I can estimate its prospects.

The EA will be further updated to implement new ideas.

It can work on any period starting from M1. Candlesticks can be fitted into a channel on any timeframe.

Test results:

Forex Channel trade Robot

  • Parameters:

    • Distance – distance from the center line
    • Miscalculation – miscalculation of the number of bars for maximum and minimum
    • Delta – deviation from the center to calculate the range
    • Percentage – percent of bars within the central line
    • Size – position size, if 0, calculated from the free margin
    • AutoCalcPos – automated lot calculation
    • Risk – risk of deposit
    • Magic – unique ID of orders
    • OrdersNumber – the number of opened orders

Free Download

Forex Channel trade Robot for MetaTrader 4

Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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