Forex Price Channel Stop System With Double CCI Filter [9031]

High accuracy “Forex Price Channel Stop System With Double CCI Filter” – The Price Channel pattern trading strategy is one of the smartest ways to make money trading.

The Forex market is known for its strong trends, which can make trading breakouts of support and resistance levels an effective approach to the markets.

• Time Frame: M5 or higher
• Currency Pairs: Any

 

• Price Channel Stop
• Double CCI with EMA

 

• Download “ForexWOT.Com-PriceChannelStopSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-PriceChannelStopSystem.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “ForexWOT.Com-PriceChannelStopSystem” trading  system and strategy
• You will see “Forex PriceChannel Stop System” is available on your Chart

 

To plan for such market conditions, we will learn a step breakout strategy using the “Price Channel Stop System”.

The first step to trend trading is to find the trend!

There are many ways to identify the market trends, but one of the easiest is through the use of the “Price Channel Stop Indicator”.

Take a look at the image above.

To begin, add this indicator to your chart, and then see if the price is above or below the average. When the Price Channel Breakout happens, it can produce significant price movement in the direction of the breakout.

This is how we will determine the trend and our trading bias.

 

• Price Channel Stop:  Green line
• Double CCI with EMA:
  • Green histogram
  • Yellow line crosses up through Magenta line

 

• Price Channel Stop: Red line
• Double CCI with EMA:
  • Red histogram
  • Yellow line crosses down through Magenta line

 

If you understand the psychology behind the Price Channel Stop breakout you can potentially save many losing trades. The reason why the Price channel breakout can pose a major shift in direction is because many traders trade inside the channel.

The best trading opportunity comes from the Price Channel Stop breakout.

Recognizing the signs of the Price Channel Stop Breakout in advance gives you the opportunity to make better trading decisions.