Price Channel PRO mt5

forex topics Non-Redrawing Indicator Price Channel PRO mt5 SEO tags Track Price Dynamics

Profit:

30.49$

Traders:

(31/16)

Most Profit Trade:

24.19$

Most Loss Trade:

-34.21$

Profit Factor:

0.95

Average Loss:

-30.09$

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Overview

The Price Channel PRO mt5 is a powerful indicator that allows traders to track the dynamics of price changes relative to the strength of the local trend of the intraday range. It is a non-redrawing indicator, meaning that it does not change its levels once they are plotted. This makes it a reliable tool for analyzing price movements in the Forex market.

Key Features

The Price Channel PRO mt5 offers several key features that make it a valuable tool for traders:

1. Accurate Price Tracking

With the Price Channel PRO mt5, traders can accurately track price dynamics in relation to the local trend of the intraday range. This allows them to make informed trading decisions based on the current market conditions.

2. Non-Redrawing Indicator

Unlike some other indicators, the Price Channel PRO mt5 does not redraw its levels. Once the indicator plots the price channel, the levels remain fixed, providing traders with reliable support and resistance levels to guide their trading strategies.

3. Easy-to-Use

Trading using the Price Channel PRO mt5 indicator is straightforward. The indicator provides clear signals for both sell and buy trades, making it suitable for traders of all experience levels. Traders simply need to follow the specific steps outlined below to open their desired trade.

How to Open a SELL Deal:

Wait for a new local price maximum.
The price should roll back to the middle of the channel (green line).
Open the Sell mark on a new candle.
Set the Stop Loss above the upper limit of the channel (blue line).
When the price reverses and updates the local minimum, close the order in the profitable zone.

How to Open a BUY Deal:

Wait for a new local minimum price.
The price should roll back to the middle of the channel (green line).
Open the Buy track on a new candle.
Set the Stop Loss below the lower border of the channel (red line).
When the price reverses and updates the local maximum, close the order in the profitable zone.

Traders can also combine the Price Channel PRO mt5 indicator with other INFINITY indicators for enhanced analysis and trading accuracy.

FAQ

Q: Can I use the Price Channel PRO mt5 indicator on any time frame?

A: Yes, the Price Channel PRO mt5 indicator can be used on any time frame, but it is recommended to use it on M5-H1 time frames for optimal results.

Q: Where can I find independent testing of this product?

A: You can watch independent testing of the Price Channel PRO mt5 indicator on the forexroboteasy.com website. It provides valuable insights into the performance and effectiveness of the indicator in real market conditions.

Q: Can I share my experience of using the Price Channel PRO mt5 indicator?

A: Absolutely! We encourage traders to share their experiences and insights on using the Price Channel PRO mt5 indicator. Your feedback can help other traders make informed decisions about incorporating this indicator into their trading strategies.

Overall, the Price Channel PRO mt5 is a reliable non-redrawing indicator that allows traders to track price dynamics with precision. Its easy-to-use interface and clear trading signals make it a valuable tool for traders looking to enhance their trading strategies in the Forex market.