Forex Smart Channel MT4 Indicator

Forex Smart Channel MT4 Indicator:

About the Forex Smart Channel MT4 Indicator

SmartChanel is a universal indicator for all types of markets. This indicator should have in its arsenal every trader, since it represents a classic approach to analyzing the price of a trading instrument and is a ready-made trading strategy. The indicator forms the upper, average price movement limit.

Advantages of the indicator

  • works with any trading tool
  • works on any time period
  • can be used both in the classical market and in the binary options market
  • the indicator has no settings and is set as usual

How to work with the indicator

  1. Set the indicator on the chart with the selected trading instrument and the desired time period
  2. Wait until the signal appears in the form of an arrow
  3. Wait until the next candlestick closes, it should have the opposite direction to the previous one, thereby confirming the direction of the signal.
  4. Open trading position in the direction of the signal
  5. TakeProfit recommend installing on the middle line of the channel
  6. StopLoss recommend using fixed

Test results:

Forex Smart Channel MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

Other forex trading Expert Advisors

Leave a Comment