TradeChannel - Expert for MetaTrader 4

The trading system works in the channel (Price Channel), that means it looks up to a certain trading range. The program gets signals for opening on the second bar after the price touches the upper or lower border of the channel. When the price reaches the upper limit, the Sell order is opened, when the lower one – Buy order is opened. The position is closed either on the Stop Loss or on the signal of closing the position. With all this, the advisor is equipped with a position trailing function.