Scalper Channel with Filter Trend

Channel Scalper

Time Frame :5 min.

Pairs: Aud/USD, GBP/USD, EUR/USD.

Forex Indicators:

Channel Scalper

Filter
Trend (Set filter Trend 15 min time
frame)

Bollinger Bands (25, 2).

Long Entry:

Channel Scalper buy confirmed by
filter Trend Green. Not Entry Long if the bar
entry close outside the upper band but wait retracement inside bar for buy.

Short entry:

Channel Scalper sell confirmed by filter Trend Red.Not Entry Long if the bar entry
close outside the Lower band but wait retracement inside bar for sell.

Exit Position

When Channel Scalper change position.

Place Stop Loss 10- 12 pips

Profit Target: 6 pips AUD/USD, 8 pips, EUR/USD, 10 pips
GBP/USD

In the pictures Channel Scalper forex system in action.

Share your opinion, can help everyone to understand the forex strategy.

• Platform: Metatrader4
• Currency pairs: Any pairs, indices and metals
• Trading Time: Around the clock
• Recommended broker: icmarkets, XM
• How to install MT4 indicator?
• 1. On the desktop, double-click to open the MT4 trading platform software you installed.
• 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
• 3. Copy the metrics you need to install to the Indicators folder
• 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
• 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window