Dynamic Channel has been designed for scalping or intraday trading , ideal for short-term traders. It plot trend based trading signals as the other trend following strategies but with steady win rate. Easy signals reading and displaying the information in a clear view are to be a reason the traders admire this system. It has attracted many modern scalpers to follow through the strategy.
Dynamic Channel can be applied on any currency pair and best with lower timeframe charts like M5 to 1H.
Once installed the system at MT4 platform will appear like the following image.
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| Dynamic Channel |
INDICATORS
TMA Bands High
These levels appear above the price bar highs and works as dynamic price resistance, the sell opportunities came whenever price reverse from such levels and starts to dive further down.
Mid TMA Band
This level appears right at the middle in betwen TMA bands high and low, if price above its level signals bullish momentum and below its level is considered as bearish momentum.
TMA Bands Low
These line levels appear below the price bar lows and treated as dynamic supports, Buy opportunities came whenever price gets supported from such levels and bounces to go up.
Super Scalper
One of the most reliable trend signal indicator for short-term trend traders. It turns blue if the market trend is bullish and turns yellow signals the market bearish.
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| Dynamic Channel Indicators |
RULE of Dynamic Channel Strategy
BUY Entry
- Price gets supported by TMA Bands Low and starts to move upwards
- The respective price bar closes high
- Super Scalper Turns blue colour
- Do not close the Buy entry if price moves above the Mid TMA Band smoothly
- Stop loss below the respective signaling bar
- Exit Buy whenever price gets rejected and reverse from TMA Bands High and Super Scalper turns yellow colour
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| Dynamic Channel Buy condition |
SELL Entry
- Price gets rejected and reverse from TMA Bands High and starts to move downwards
- The respective price bar closes as a bearish candle
- Super Scalper Turns yellow colour
- Do not close the Sell entry if price moves below the Mid TMA Band smoothly
- Stop loss above the respective signaling bar
- Exit Sell whenever price gets supported from TMA Bands Low and Super Scalper turns bluish
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| Dynamic Channel Sell condition |
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