84# Channel Surfer Strategy
Price action trend-reversal strategy
Channel Surfer as trend direction
Submit by Leon
Channel Surfer Strategy is a price action reversal trend strategy based on dynamic and static levels of support and resistance but main levels are dynamic of Channel Surfer indicator, the other indicators are used to better interpret the direction indication of the Channel Surfer. This strategy is inspired by Janus trader's Future Projections and Agimat. Using the Channel Surfer, the reference to a multi time frame analysis is optional. However, it is always recommended.
Time frame 30 min or higher best time frame H1 and 4H (H1 filtered with H4 and H4 filtered with daily, optional)
Currency pairs: any.
Metatrader 4 Indicators
Zig Zag Pointer 115, 130, 80.
KG Support and resistance
Half trend Amplitude 2.0
Breakout Signal (alias beast super signal price action indicator based on the zig zag).
Powerful currency strength. (Powerful currency strength can be used to choose the currencies to trade on, strong currencies VS weak currencies).
Channel Surfer bars 240
Symbol Changer
Moving Average symple 13 periods
Price Grid
Future MACD (Mladen) 21, 50, 9.
Trading rules Channel Surfer Strategy
Long Entry
Channel Surfer pointing upward
green and yellow dot of KG Support and resistance below the candles.
Price close below 13 MA.
Zig Zag Hard buy arrow.
Breakout Signal buy arrow.
Half Trend Buy Arrow (timing entry in most situations this arrow is formed after the Breakout signal. in most situations this arrow is formed after the breakout signal. When the first half trend is formed enter on the arrow of the breakout signal).
Future MACD pointing upward.
Short Entry
Channel Surfer pointing downward.
Green and yellow dot of KG Support and resistance above the candles.
Price close below 13 MA.
Zig Zag Hard buy arrow.
Breakout Signal buy arrow.
Half Trend Buy Arrow (timing entry in most situations this arrow is formed after the Breakout signal. in most situations this arrow is formed after the breakout signal. When the first half trend is formed enter on the arrow of the breakout signal).
Future MACD pointing upward.
Exit position:
Place Initial stop loss on the previous swing high/low. Profit target at the levels of the grid but minimum ratio stop loss 1:1.2 (example if stop loss is 100 pips the profit target is 120 pips.).
This is a winnig strategy
In the pictures Channel Surfer Strategy in action.
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