Forex Price Channel Stop Profitable Strategy

Forex & Binary Options Price Channel Stop Profitable Strategy – In this strategy, the 4H chart is used as the base chart (this is where we screen for potential places on the chart where trading signals may occur) and the 1H time frame as the signal chart, or the trade chart (where we execute orders according to this strategy).

If you choose to use a different time frame as the base chart remember that you go one-time frame lower for the signal chart (so if 1H is the base chart then the 30M time frame is the signal chart).

• Best Time Frame: 4 Hour
• Recommended Currency Pairs: GBPUSD and EURUSD

 

• Heiken Ashi (ProfitableStrategy 7)
• Exponential Moving Average
• Commodity Channel Index
• Level ZZ Semafor
• ++ +Agimat
• MT4 Currency Power
• Signal Trend
• Cracked Mega FX

 

• Price upward above Green Heiken Ashi (ProfitableStrategy 7)
• 8 EMA (yellow line) > 21 EMA (white line)
• Mega FX Profit green line
• Price Channel Stop aqua line
• Commodity Channel Index above level 50

 

• Price downward below red Heiken Ashi (ProfitableStrategy 7)
• 8 EMA (yellow line) < 21 EMA (white line)
• Mega FX Profit red line
• Price Channel Stop magenta line
• Commodity Channel Index below level -50

 

Practice this strategy on a demo account first so you can fully grasp everything before going live. If you find it helpful some backtesting on past price data is a good way to learn and master this trend-following strategy as well.
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