The turtle trading channel metatrader4indicator




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The turtle trading channel metatrader4indicatorThe Turtle Trading Channel Metatrader 4 Indicator

The Turtle channel is an trend following indicator based on the original Turtle trading rules. It provides traders with simple buy and sell rules. The indicator works on any currency pair.

Trading Signals

BUY: In uptrends: Open long when the Turtle line turns blue. Exit position when the currency pair hits the dotted up trending exit line.

SELL: In downtrends: Open short when the Turtle line turns red. Exit position when the currency pair hits the dotted down trending exit line.

Use in conjunction with trend analysis tools to determine the primary trend. Dont use the Turtle channel indicator against the primary trend.