26# Double Channels Trading System
Channel Strategy
Submit by Joy22 (Written by Darmawan) 04/01/2012
1. Pairs => any
2. TF => 1H and above (never test on lower TF)
Indicators:
Nonlagdot(20)
IBFX-Waves.ex4
Supertrend
how to set the channels
:
1st channel : draw/drag the equidistance channel line from A to C then put the other channel line on B
2nd channel : draw/drag the equidistance
channel line from B to D
then put the other channel line on C
then draw the horizontal line on A,
B, C, D and all (i really mean All) channel line crossover to set the R/S line.
set your supertrend and nonlagdot
to 20.
Rules :
=> Buy : supertrend and nonlagdot have
the positive color could be blue or green depend on your color set
TP : next SR line ( i prefer to use nearest grid line to SR
line)
Exit: supertrend or nonlagdot change to negative color red or depend on your color set or new
price open below the support line.
=> SELL : opposite from buy
condition.
Alternative Change trend indicators with
gann hilo activator, gann hilo activators bar, gann hilo activator arrow
In the pictures Double Channels forex system in action.
Double Channels
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