543# Magic High/Low Channel

Submit by Aksyon 19/09/2016

Magic High/Low Channel is a template Metatrader 4 for trading trend following and reversal. This template is also good for trading with binary options high/low.

Time frame 1 min or higher.

Financial markets:any.

Metatrader Indicators:

Trending slow channel 85, quick channel 21;

Trend signal 2.1 (ultra optimized setting 94 6):

Donchian channel 8only for trending trading).

 Trading rules Magic High/Low Channel

Trend trading

Buy

Donchian channel buy arrow

Trend signal buy arrow.

Sell

Donchian channel sell arrow.

Trend signal sell arrow.

Reversal trading

Buy

when appears the aqua dot wait the first buy arrow of the trend signal.

Sell

when appears the red dot wait the first sell arrow of the trend signal.

Exit position at the opposite arrow or 1 pips before of the channel.

Place initial stop loss below/above the last swing point.

Binary options expiry time 3-4 candles time frame 5 min or higher.

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