Here’s some guidance from previous posts. I have no rules for SL, but for TP, its either the 200ema or near one of the Cap Channel lines. My SL is only for catastrophic situations (Computer breaks, power outage, internet down, etc. So its at the very, very least greater than the most recent support/resistance level. Generally over 100 pips. I do that because I prefer to make additional cost average entries if price is going strong against me. I manage trades until in profit.
Yes, I like to think I have enhanced the Channel Strategy.
KoF inspired some of the changes to how I use the strategy, and I still enjoy KoF between Macd, channel, and order block signals. In fact, when price goes against me after I enter on a signal, I KoF it until in profit.
I can use the setup for the 1% on an M1 chart (as you know, I cannot reveal strategy details though).
I know I haven’t properly prepared a detailed explanation of all facets of the strategy. I am trying to keep it as simple as I can and every time I try to give in depth details, it turns complicated fast. So I have been hoping that showing charts with arrows and some text instructions would be the best way to present it.
For entry:
Fast ema crosses over lower slow ema (25/32) from below.
Fast ema crosses under upper slow ema from above.
MACD crosses the zero level.
Order block signal.
Stay in trades as long as fast ema does not cross to the opposite side of the nearest slow ema. *Important: It can touch the slow ema, just not cross it. If it touches the slow ema but bounces back off it, that’s big money coming. Also, be ready to close at 200 ema, Cap Channel outer line, or order block line.
I was just trying to download the indicators as well and you’ve exactly described my issue! Same thing is happening. I’m trying to load them onto my MetaTrader 4 demo account with CMC Markets. I have a Windows PC.
I went ahead and entered a long on Chf/Nok. Hoping for 145 pips from it in the next week or two. 0.5 lot entry. If price goes down to Cap Channel lower line, I’ll add a larger entry. Starting small is usually a good idea on these multi-day trades.
It’s annoying isn’t it!
I was under the assumption that the problem was occurring due to me using a MacBook, however since you’re on Windows it must be something else.
I saw something that said it could potentally be because the download file is for a different version of MT4, but I’m really not sure.
If you manage to fix the problem please let me know, I’ll keep you updated if I find a fix myself.
sounds good! I was looking forward to trying out the CAP Channel and the Smoothed Heikin Ashi indicators. I like the look of @AmericanTrader 's chart set ups with these indicators as a way to start trading the longer time frames like 4-hr or daily as a more passive income opportunity, in conjunction with daily scalping.
