Best Channel Trading System “Forex Channel Trading System with Trend Range and Swing Arrows Signals”. This Trading system is Trend following and Reversal and it’s based on the TrendRange V2 indicator.
- Time Frame: M30, H1, and H4
- Currency Pairs: GBPUSD and EURUSD
MetaTrader Trading Indicators
- TrendRangeV2
- BTS Exist (The indicator repaints because it is based on fractal algorithm)
- Swing Arrows
- CCI
BUY Rules
- The candle touches the lower band
- The Signal BTS EXIT indicator touches the lower band
- Swing Arrows blue color
- CCI line above 50 level
SELL Rules
- The candle touches the upper band
- The Signal BTS EXIT indicator touches the upper band
- Swing Arrows magenta color
- CCI line below -50 level
Trading NOTES
- Initial Stop Loss above or below the BTS Exit indicator
- Risk Reward Ratio 1:2 or 1:3
- Use a demo account or a small live account first to practice this trading system