Forex Smart Channel Expert Advisor

Forex Smart Channel Expert Advisor review:

The trend in the market can be predicted using trend-lines but the problem is that you don’t know where exactly the price is going to touch the trend-line where you can put your pending orders on. Smart Channel Expert Advisor makes it possible to put an advanced channel around the price data which can be configured to handle placing orders, opening and closing positions, managing Risk per Trade, spread, slippage, and trailing stop-loss and take-profit automatically.

Features:

  • Money Management (Calculate Risk-Reward ratio, Volume, profit and loss)
  • Trend-Age-Aware Risk Management
  • Hides Stop-Loss and Take-Profit from your broker
  • Status reports through push notifications, email and popup alerts
  • Supports both pending and instant execution order types
  • Share your channel configuration with your friends
  • Shows channel configuration errors and warnings
  • Easy adjustment graphically and numerically
  • Trailing Stop-Loss and Take-Profit
  • Spread specification table

Test results:

Forex Smart Channel Expert Advisor

Parameters:

  1. Open the strategy tester (Ctrl + R)
  2. Click the Expert Properties button and select a test case than click OK (Each test case name shows the SymbolTimefame and the Start Date of the channel)
  3. Select Smart Channel EA from the expert drop down box
  4. Select the Symbol and Timefame based on the selected test case
  5. Set the Start Date based on the selected test case
  6. Set the End Date to one or two months later
  7. Adjust other parameters as you like
  8. Start the strategy tester
  9. Since graphical objects do not work properly in the tester you might experience a delay in repositioning the panel while resizing the tester window. So before the tester starts maximize the tester window.

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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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