When drawing an equidistant channel in MT4, the help docs say you must set two points prior to drawing it. How do you set those points?
Is there a way to make the equidistant channel larger or smaller in MT4 to encompass varying degrees of price action?
Use the equidistance tool, to create the channel. Put it in its approximate location. Once created double click on the bottom line of the channel. You will see a white dot appear on the bottom of the channel, click the white dot and drag the line down to the distance you want. You will also see the three white dots on the top of the channel that control the channel angle/position.
Exactly what I was looking for! Thank you… 