Trade Types for Channels

Here how it works

Trade Types
1- All Cross Last Closes Outside, the program will look the last n BARS TEST, if all bars cross outside the channel by N TICKS, and the last bar close outside the channel by N TICKS that is an match. Then is bars test is 3 the program will buy if the last 3 bars are crossing the channel and the last bar is also closing outside the channel.
2- All Cross First Closes Outside, same as above but the first bar must close outside the channel.
3- All Cross Outside, all last N BARS must cross outside the channel by N TICKS.
4- All Closes Outside, all last N BARS must close outside the channel by N TICKS.
5- All Cross Outside Next Close Inside, all last N BARS must cross outside the channel by N TICKS and the next bar must close inside the channel.
6- All Closes Outside Next Close Inside, all last N BARS must close outside the channel by N TICKS and the next bar must close inside the channel.
7- All Complete Outside, all last N BARS must be complete outside the channel.
8- All Complete Outside, all last N BARS must be complete outside the channel and the next bar cross inside the channel.
9- All Complete Outside, all last N BARS must be complete outside the channel and the next bar closes inside the channel.
10- Above Long Under Short, a bar cross the top line goes long, if cross the bottom line goes short.
11- Above Long Under Short Inside Flat, a bar cross the top line goes long, if cross the bottom line goes short, when closes back inside goes flat.

Trading any market carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts.

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