Forex Super Signal Channel Trading Strategy

Simple and High Accuracy Trading with “Forex Super Signal Channel System” – There’s no reason to build a Forex channel in a classical way anymore. But, this is only the start of any Forex channel trading system.

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

 

• Super Signal Channel
• Step MA
• Stochastic Oscillator
• Relative Strength Index

 

• Download “ForexWOT.Com-SuperSignalChannelSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-SuperSignalChannelSystem.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-SuperSignalChannelSystem” trading  system and strategy
• You will see “Forex Super Signal Channel Trading System” is available on your Chart

The difference between a trend line and a Forex channel is huge. The trend line shows only the possible buying/selling place.

On the other hand, a channel indicator shows the possible target or take profit too. Moreover, in a bullish Forex channel, once price holds a support, the take profit level is set on the opposite edge of a channel.

 

• Super Signal Channel: Lime “UP” Arrow below the previous swing low
• Step MA: Blue line
• Stochastic Oscillator: Upward from the OverSold area (Below level 30 line)
• Relative Strength Index: Upward and above level 55 line

 

• Super Signal Channel: Red “DOWN” Arrow above the previous swing high
• Step MA: Red line
• Stochastic Oscillator: Downward from the OverBought area (Above level 70 line)
• Relative Strength Index: Downward and below level 45 line

 

Now you know the basic concept behind the channel trading.

A proper stop loss is set at the previous swing’s low (BUY) or high (SELL) with Risk Reward Ratio 1:2 or 1:3. When doing that, the trade offers a solid risk-reward ratio.

After all, managing risk is everything in Forex trading.
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