MeetAlgo Channel Trading EA is Expert Advisor that base on our famous indicator MeetAlgo Channel Indicator. EA is a non-optimized expert advisor you have to find best setting by yourself. Who using our MeetAlgo Channel Indicator and looking for EA that base on Channel indicator this EA is best for them. We give lots of options so you can customize your trading strategy.
Channel Trading is a volatility-based indicator that makes use of the “advanced envelope theory”. These envelopes consist of two outer lines. Envelope theory states that the market price will generally fall between the boundaries of the envelope (or channel). If prices move outside the envelope, it is a trading signal or trading opportunity.
- Easy to use and customizable setting.
- Built-in money management
- Grid trading when trade in Loss
- Customizable break-even, SL, TP and trailing-stop
- Filter trading by multiple forex sessions
- Built-in news filter. EA automatic download news data from news website.
- Grid trading when trade in Profit
- Initial trade stop filter- you can set a daily time zone so EA will close all trades in that time.
- Trade close filter by Daily time
- Implements a martingale features
- Partial Closing
- and Others
Download the Setting file Click Here
For a complete description of the input parameters of the EA, kindly read the user guide.