Price Channel EA RobotFX - MetaTrader price channel Expert Advisor (how to trade the price channel)
#Download #channel expert advisor 4 #MetaTrader
The MetaTrader Price Channel expert advisor works by drawing the support and resistance levels, then opening trades when the price bounces from the channel’s levels.
#RobotFX #Price #channel #expertadvisor main functions
✔ draws the channel according to the trend (uptrend or downtrend channels)
✔ trades long in an upwards channel and trades short in downwards channel
✔ manages the opened trades by trailing the price, recovering losses, calculating the lotsize automatically etc
The price channel strategy involves two trend lines positioned above (resistance) and below (support) the price. The price action is contained between these two parallel trend lines. The separation between the two trend lines needs to be wide enough to trade inside the Price Channel pattern. Traders can buy at the channel support level and sell at the channel resistance level, then exit when the price is near the opposite parallel line.
🡇 RobotFX Price Channel Expert Advisor download
▶ Youtube Price Channel Expert Advisor playlist
Price Channel Questions Answered (video chapters)
▸ What is the price channel? 00:25
▸ What are the lower highs and lower lows? 01:02
▸ What is the resistance line and the support line: 01:25
▸ How to draw and determine the price channel? 02:30
▸ What are the higher highs and higher lows? 03:55
▸ How to profitably trade in a price channel pattern strategy? 05:35
▸ Why trading with the trend is profitable? 05:40
▸ Where to place the stoploss when trading within the channel? 07:05
▸ Where to place the take profit when trading the channel? 08:42
▸ What is there a free good price channel expert advisor? 09:20
▸ What are the price channel EA settings? 06:41
▸ Is this price channel EA profitable? 24:07
▸ Where to download the Price Channel EA for free? 38:48
This video might also answer the following FX trading questions:
What is a price channel?
How to trade the price channel?
Can trading the price channel be profitable?
What is a profitable channel trading strategy?
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