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GRat IndiTrade: PriceChannel_Signal_v2 – Trading Systems – 5 February 2023

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GRat IndiTrade example: PriceChannel_Signal_v2

Attached are templates of improved strategy based on custom PriceChannel_Signal_v2 indicator. It can automatically trade in MT5, in MT4 (using GRat_OrderImport (MT4)) and on crypto exchanges (using GRat_BinanceImport or GRat_Crypto). Just install the indicator in Indicators folder, then install GRat IndiTrade and apply the appropriate template to the desired chart.

Trading Signals

PriceChannel_Signal_v2:

  • UpTrend Signal or UpTrend Re-Entry –> buy signal
  • DnTrend Signal or DnTrend Re-Entry –> sell signal

PriceChannel_Signal_v2_X – on Exit signal it also trades in opposite direction. So, in addition to comparisons above:

  • .. or DnTrend Exit –> buy signal
  • .. or UpTrend Exit –> sell signal

Note. The settings above use values from the current bar (at every tick). To use the last closed bar (on a new bar) just change the bar number from 0 to 1.

The default lot size can be fixed, but you can set the risk of loss as a percentage of the balance instead.

Position Management

  • Bid > UpTrend Exit –> close long
  • Ask < DoTrend Exit  –> close short

or

Positions are closed at opposite signals:

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