520# Channel Buy Sell

Submit by Lorenz 07/05/2016

Channel Buy Sell is a trend following strategy based on envelopes and grail indicator (developed by Proximus). This strategy is clear and simple.

Time frame 15 min or higher.

Financial market:any.

Metatrader indicators:

exponential moving average period 7, close, shift -1;

exponential moving average period 6, open, shift -1;

Magic grail 1.6, main period 10, ADX 7. (In the folder in attach there are other versions of Magic grail but the best is MG 1.6);

Envelpes ma period 233, ma shift 3, deviation 1.44.

Trading rules Channel Buy Sell

Above the middle line of the envelopes ( blue line) only buy.

Below the middle line of the envelopes (blue line) only sell.

Buy

Price above middle line of the envelpes.

Magic grail 1.6 indicator buy arrow.

MA 6 > MA7.

Sell

Price below middle line of the envelpes.

Magic grail 1.6 indicator sell arrow.

MA 6 < MA7.

Exit position more options:

at the opposite arrow;

with predetermined fast profit target (reccomended).

In the pictures Channel Buy Sell in action.

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