258# Scalping with Grucha Channel

Channel Trading Method

Submit by Janus Trader01/12/2012

 

Time Frame:15 or higher.

Pairs:all

Metatrader Indicators:

Grucha Channel (15, 1);

Bollinger Bands W (20, 2)

 

Long Entry:

When the price close below Lower band Grucha Channel ,  for Buy, wait, that the price cross above the middle band red. Confirmed by Bollinger band W red.

Short Entry:

When the price above Upper band Grucha Channel,  for Buy, wait, that the price cross below the middle band red. Confirmed by Bollinger band W. Red.

 

Exit Position

1)Stops are placed 10 pips above or below the middle bands of Grucha Channel ;

2) Trailing Stop;

 


2) Trailing Stop;

  1. Profit Target dependes time Frame and Currency Pairs (recommended):

    15min: EUR/USD, 9 pips GBP/USD 12 pips

    30min: EUR/USD, 14 pips GBP/USD 18 pips;

    H4:60 pips EUR/USD, 70 pips GBP/USD ;

    Daily: 200pips EUR/USD , 250 pips GBP/USD ;

 


Scalping with Grucha Channel
Scalping with Grucha Channel
Scalping with Grucha Channel
Scalping with Grucha Channel

Grucha Channel in trending market

Submit by Janus Trader 02/12/2012

 

Trade only in the Direction of the trend.

 

Indicators:

Grucha Channel (15,1);

Goldiminer II

 

Long Entry

Wait that the price close below lower band.

Buy when the price cross upward middle band and Goldmine is blue.

 

Short Entry

Wait that the price close above upper band.

Sell when the price cross donward middle band and Goldminer is red.

Grucha Channel
Grucha Channel
Grucha Channel
Grucha Channel

 

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

Scalping with Grucha Channel
Scalping with Grucha Channel is a trading system based on the Grucha channel and bollinger bands metatrader indicator.
Scalping Grucha Channel.rar
compressed file archive 4.4 KB
Goldminer
Goldmine Metareder Forex Indicator
goldminer2.rar
compressed file archive 2.7 KB

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