Double Price Channel Stop Trading System with I-trend Filter Indicator for higher timeframes.
Double Price Channel Stop Strategy is a very simple strategy based on classic MT4 indicators as Price channel and I-Trend.
This is a trend following trading system for higher time frames.
- TimeFrames: H1, H4, Daily or higher.
- Currency Pairs: All Major Pairs
- Price Channel Stop (10)
- Price Channel Stop (5)
- I-trend default setting
- Price Channel Stop (10) and Price Channel Stop (5) lime color
- I-trend default blue bars
- Price Channel Stop (10) and Price Channel Stop (5) magenta color
- I-trend default red bars
- The best time frame is daily. The signals on daily time frame are more accurate, Simple and effective. In the lateral phases, it can generate false signals.
- Initial stop loss on the previous swing low (for BUY) or swing high (for SELL)
- Profit Target discretionary