Dynamic Channel Forex Support and Resistance Strategy

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Dynamic Channel Forex Support and Resistance Strategy

This strategy is a reversal trading strategy based on a Dynamic channel Support and Resistance indicator. This indicator is based on the Gaussian function.

Take note that this strategy is not for beginners because this is a complex strategy.

Forex Indicator:

  • Spike bars indicator V.3,
  • Support-Resistance indicator,
  • Stochastic Cross Alert (3,2,2,),
  • Damiani Volameter,
  • Fx Trender (setting h1 oversold/overbought levels -0,45 , +0,45, setting h1 oversold/overbought levels -0,55 , +0,55).

Buy Entry:

Stochastic Cross Alert Green Arrow is valid when it meets one of the following conditions:

  • Green Spike bars and Damiani Volameter green line below gray line.;
  • Green Spike Bars and FX Trender below leveles -0.45.

Sell Entry:

Stochastic Cross Alert Green Arrow is valid when it meets one of the following conditions:

  • Red Spike bars and Damiani Volameter green line below gray line.;
  • Red Spike Bars and FX Trender above leveles -0.45.

For conservative trading:

  • Buy: Green Spike Bars and FX Trender below leveles -0.45;
  • Sell: Red Spike Bars and FX Trender above leveles -0.45.)

Exit position:
Place the initial stop loss at the previous swing.

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