225# Dynamic Channel Strategy
Price border trading
Super scalper trading with dynamic support and resistance
Submit by Alonso
Dynamic Channel Strategy is based on the dynamic support and resistance based on the price border indicator MT4. The main feature of this strategy is that the price tend to push when touches the dynamic lines.
This trading system is for trading with binary options high/low or for scalping and day trading.
Binary options high/low expiry time 10 candles.
Time Frame 1 min and 5 min.
Currency pairs: USD/JPY, EUR/USD, GBP/USD, USD/CHF, GBP/JPY, EUR/JPY, S&P 500, FTSE, DAX.
Trading Time: London and New York sessions.
Metatrader 4 Indicators
Price Border period 61, ATR multipler 2.6, period 110.
Price Border period 61, ATR multipler 2.7, period 110.
Price Border period 61, ATR multipler 3.4, period 110.
Price Border period 61, ATR multipler 3.8, period 110.
Price Border period 61, ATR multipler 4.2, period 110.
Price Border period 61, ATR multipler 4.6, period 110.
Price Border period 61, ATR multipler 5.0, period 110.
Super Scalper Indicator 28 period.
Trading rules Dynamic Channel Strategy
Buy or Call
The price go in the zone of support lines and crosses two or more lines.
Super Scalper changes color yellow to blue.
Open a call or buy position at the opening of the next bar.
Place Initial stop loss at the previous swing low.
Make profit at the middle band or with predetermined profit target.
Sell
The price go in the zone of resistance lines and crosses two or more lines.
Super Scalper changes color blue to yellow.
Open a put or sell position at the opening of the next bar.
Place Initial stop loss at the previous swing low.
Make profit at the middle band or with predetermined profit target.
In the pictures Dynamic Channel Strategy in action.
Share your opinion, can help everyone to understand the forex strategy.
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