You tube channel

You tube channelYou tube channel

For some time now Bet Angel users have been uploading trading videos to You Tube. One of the earlier videos has now had nearly 17,000 views.

Late last year we thought it would be a good idea to group them together into one area for you, so we set up a channel at youtube/betangeltv. We have also been uploading videos of our own for your referance. You tube can be a bit of a challenge as the video image is so small so we have replicated the videos on our site at higher resolution.

If you have any videos you would like us to add to the channel just drop support a note and we will add you in. In the meantime you can visit the channel at the link mentioned in this post.

Keltner channel strategy

Keltner channel strategyKeltner Channel Strategy

Really easy strategy which you can master with just the basic knowledge. It provides really good risk / reward output and Keltner Channel Strategy gets really high winning rate.

TimeFrame: 5 min

Symbol: any major currency preferred EURUSD, GBPUSD

Risk: MAX 2% of account equity per order

Indicators:

Keltner Channels Indicator set to 40 Periods

Exponential Moving Average set to 8 periods

Keltner Channel Strategy Overview:

When you have the chart setup with Keltner Channel Indicator and Exponential Moving Average you are all set to go. You should use this strategy only on 5min timeframe. As well as you should have a good Broker with really small spreads like HotForex. Once you are all set you watch the market and wait for the EMA to be inside the Keltner Channel. Now you wait for the PA (Price Action) to move outside the Channel and then wait for EMA to break the Keltner Channel which should happen right after PA. Once EMA has broken the channel you should SELL (if channel is broken downside) and you should BUY (if channel has broken to upside).

How do iuse aturtle channel to create aforex trading strategy

How do iuse aturtle channel to create aforex trading strategyHow do I use a Turtle Channel to create a forex trading strategy?

The turtle channel can easily be used as a trend trading tool and also adapted for swing trading within a trend.

The turtle channel was originally designed by Richard Donchian as a technical indicator to be used for breakout trading. The channel is created by plotting both the 20-period high price and the 20-period low price, along with an average of the two prices that serves as a centerline within the channel. The original strategy that Donchian used with the channel is to buy or sell breakouts above or below the channel. However, the turtle channel is also used by traders as a simple trend-following indicator because it typically does a very good job of encompassing both high and low price swings within a long-term trend.

Traders also commonly use the turtle channel for swing trading. A simple forex swing trading strategy is put into play by buying when price approaches the lower channel band and selling when price nears the upper band of the channel. Profit targets are set at either the centerline or the opposite band of the channel. This swing trading strategy can be used in either an overall uptrend or downtrend.

Donchian channel

Donchian channelDonchian Channel | Trading Strategy (Entry & Exit 2)

I. Trading Strategy

Developer: Richard D. Donchian. Concept: Trading strategy based on Donchian Channels. Research Goal: Performance verification of the channel entry and ATR stop. Specification: Table 1. Results: Figure 1-2. Trade Entry: Long Trades: A buy stop is placed one tick above the Donchian Channel (i. e. UpperChannel[i ? 1]). Short Trades: A sell stop is placed one tick below the Donchian Channel (i. e. LowerChannel[i ? 1]). Index: i

Current Bar. Trade Exit: Table 1. Portfolio: 42 futures markets from four major market sectors (commodities, currencies, interest rates, and equity indexes). Data: 32 years since 1980. Testing Platform: MATLAB®.

II. Sensitivity Test

IV. Rating: Donchian Channel | Trading Strategy

Donchian channel breakout strategy thinkscript

Donchian channel breakout strategy thinkscriptDonchian Channel Breakout Strategy Thinkscript

What youll find below:

Ive had a few emails asking me about the Donchian Channel Breakout Thinkscript strategy I use in Thinkorswim. Specifically, people have been asking for the code so I thought Id pass it along with a little caveat. I wrote the Thinkscript Strategies below for the entry and exit, but I found the original Donchian Channel study code on this site. I will note that getting the entry and exit strategies to work was a little tricky for me because Im not a programmer, but it does work.

Its a good idea to understand whats going on in the Donchian Channel Thinkscript so you might spend some time looking through the code. The specific code below goes to a default order size of 100 shares. I have a Donchian Thinkscript Strategy that incorporates money management, but its not working quite right yet (sometimes it doesnt take trades and I havent figure out why). Once I get the money management version working, Ill be sure to share that as well.

If you have any questions about the code please let me know. Enjoy and feel free to share link with anyone who would benefit from it.

Heres what the Donchian Channel Strategy and Study look like:

Donchian Channel Breakout Strategy and Study Thinkscript on Apple (AAPL)

Forex channel strategy with moving average

Forex channel strategy with moving averageForex Channel Strategy With Moving Average

Forex trading with channel and moving average. A simple strategy designed to trade in the direction of the main trend.

Indicators: Channel-trading-signals (default settings)

Preferred time frame(s): 5 min chart and above

Preferred Currency pairs: Any

AUD/CAD 15 Min Chart

The chart shown above, shows an example of a buy trade on the Australian Dollar/Canadian Dollar. AUD/CAD exchange rate above the channel + MA (moving average) line above the channel = buy trade. Click the chart to enlarge.

Trading Rules

Criteria #1: Price has to trade above the channel (established bull trend)

Criteria #2: Green colored moving average line has to trade above the channel

This is your buy signal. Place protective stop-loss below the most recent support level or below the lower channel band.

Targets: Book 50% profits at 1:2 risk-to-reward. Close other 50% at 1:3 (trail stop-loss 1 pip below the rising channel).

Criteria #1: Price has to trade below the channel (established bear trend)

Criteria #2: Green colored moving average line has to trade below the channel

This is your sell signal. Place protective stop-loss above the most recent resistance level or above the upper channel band.

Targets: Book 50% profits at 1:2 risk-to-reward. Close other 50% at 1:3 (trail stop-loss 1 pip below the rising channel).

GD Star Rating

Forex Channel Strategy With Moving Average. 9.8 out of 10 based on 5 ratings

Cci woodie with channel trading system-forex strategies-forex resources-forex trading-free for

Cci woodie with channel trading system-forex strategies-forex resources-forex trading-free forCCI Woodie trading

Woodie CCI. mq4 is based on the code of Jason Robinson.

“ After read the Woodie introductory document I started a search

for the right coloured CCI.

I can?t find anyone in accomplish with the explanation of Woodie

So, I take the code from another CCI, and I added

Rules for CCI Woodie with channel trading system

Enter when the price crosses the channel.

Price crosses the upper band channel and the same signal from all indicators (CCI Woodie >o an P-J over green) .

Combined donchian channels

Combined donchian channelsCombined Donchian Channels | Trading Strategy (Entry & Exit)

I. Trading Strategy

Developer: Richard D. Donchian. Concept: Trading strategy based on Donchian Channels. Research Goal: Performance verification of the channel entry and trailing exit. Specification: Table 1. Results: Figure 1-2. Trade Entry: Long Trades: A buy stop is placed one tick above the Donchian Channel (i. e. UpperChannelOne[i ? 1]). Short Trades: A sell stop is placed one tick below the Donchian Channel (i. e. LowerChannelOne[i ? 1]). Index: i

Current Bar. Trade Exit: Table 1. Portfolio: 42 futures markets from four major market sectors (commodities, currencies, interest rates, and equity indexes). Data: 32 years since 1980. Testing Platform: MATLAB®.

II. Sensitivity Test

UpperChannelOne(Channel#1) is the highest high over a period of Channel#1. LowerChannelOne(Channel#1) is the lowest low over a period of Channel#1.

Forex swing trading strategy#3(channel trading system)

Forex swing trading strategy#3(channel trading system)Forex Swing Trading Strategy #3:(Channel Trading System)

Posted by Mangi Madang 1171 days ago

The forex channel trading system is one swing trading system where its quite easy to implement and you can get really good profits quite easily.

But before you can do that, you must be able to draw proper channels.

WHAT IS CHANNEL TRADING?

Channel trading in simple terms is when the price is running between (in a channel) support and resistance levels. When price is in a channel, it tends to stay in that channel until a channel breakout happens.

Here’s what a price in a downward channel looks like: You can click to enlarge if you cant see the charts clearly.

So how does an upward channel looks like? Well, it would be the exact opposite of the chart above. Here’s an example of an upward channel :

HOW DO YOU DRAW A CHANNEL?

Drawing A Channel Is very easy…here’s how (keep referring to the charts above):

First you need to identify the points where you want to start drawing your channels from. These are numbered 1 2 on the charts above.

You need a minimum of 2 points to do this.

Next, you connect these points with a trendline.

That’s it.

HOW DO YOU TRADE A CHANNEL?

This is also very easy. Here are the steps:

Once you’ve drawn your channel, based on the 2 points on both sides of the channel you wait for price to come to either one of these channel lines.

Once price touches the channel lines you open a trade based on what side of the channel line the price touches: if it touches the channel line above, you SELL. If price touches the channel line below, you buy. See the charts above for more clarity.

WHAT TYPES OF ORDERS WOULD YOU USE IN TRADING A CHANNEL?

You can use instant market orders-which means as soon as price touches one of the lines, you open a buy or a sell order immediately.

Or you can use a SELL STOP or BUY stop Orders.

WHERE DO YOU PLACE YOUR STOP LOSS AND HOW MUCH STOP LOSS IS REQUIRED?

Placing stop loss is easy: Just Place your stops outside of the channel lines.

By how many pips? Well, your stop loss should be determined by the timeframe you are trading in. If you are trading on 5 minute charts, place your stop loss 10-15pips outside of the channel line. If you are trading in 1hr or 4 hr charts, you stop loss should be 20-50pips outside of the channel line.

If you place you stop loss too close to the channel lines, any false price spike would take you out and then guess what happens? The price goes in the direction you placed your trade originally-but now you are out of the game already-so you don’t make any money.

HOW DO YOU SET YOU TAKE PROFIT TARGETS?

Here are a couple of options to set take profit targets. Use whatever options that you like.

Set your profit target based on the length of the channel in pips.

Or you can set your take profit target halfway point in the channel.

Or you can take half of your profits off the table when price goes to halfway in the channel.

Or set your take profits to 3 times the amount your risked: for example, if you stop loss is 20 pips then set your take profit target to 60pips.

HOW DO YOU MANAGE A TRADE IN PROFIT?

Here are a couple of options to manage a trade that is in profit:

when price moves by the amount your risked, move your stop loss to breakeven. But sometimes, if you stop loss is so small, there will be a danger that you will get stopped out quite frequently as well.

when the price moves halfway up or down the channel, move stop loss breakeven. You may consider taking half the profits off the trade and leave the other half running.

What is acommon strategy traders implement when using aturtle channel

What is acommon strategy traders implement when using aturtle channelWhat is a common strategy traders implement when using a Turtle Channel?

The most common trading strategy employed with the turtle channel is the original strategy that the indicator was developed for – a breakout trading strategy signaled by price exceeding either the upper or lower band of the channel.

The turtle channel is created by plotting the highest and lowest prices over the previous 20-period time frame, and then adding a centerline that plots the average of those high and low prices. The turtle channel is designed to contain within its borders nearly all day-to-day price fluctuations. When price penetrates above the upper channel band or below the lower channel band, the movement is interpreted as a significant breakout with strong market momentum in the direction of the breakout.

The basic trading strategy designed for use with the turtle channel is to buy the market on a price penetration of the upper channel band and sell the market on a price break below the lower channel band. Some traders use additional trade filters such as only entering a buy order if price closes above the upper channel band, or if price penetrates a certain distance past the border. For example, in forex trading, a trader might have the additional trade rule that price must exceed the channel band by at least 10 pips.

Another variation of this strategy is designed to catch and follow long-term trends. This variation implements the additional trade rule of only taking buy trade signals if they are given during an extended downtrend, or only taking sell trade signals that occur after a sustained uptrend. A breakout that becomes a long-term market reversal will be more likely to provide substantial profits after a prolonged trend move.

Once a trade is entered, the initial stop-loss is placed just on the opposite side of the centerline or outside the opposite channel band.

Turtle trading channel

Turtle trading channelTurtle Trading Channel

Turtle Trading Channel is a forex trading system. This system works best in a trending market. Therefore, it is highly recommended to take trades only in a trending market. This forex trading system is named The Turtle Trading Channel because it consists of a channel that works as a support and resistance. You see that the upper part of the turtle trading channel works as a resistance while the turtle trading channel that is below the price works as a support. But these two lines of the Turtle Trading Channel is more than a support and resistance level, it also let us know whether to sell or buy in the market. Usually in a trending market, let’s say bullish, when you see lower band of the channel is blue in color, it is right time to buy and vice versa.

Turtle Trading Channel system can be sometimes messy when you apply it to the very volatile and flat market but in a healthy bullish/bearish market you can see crystal clear signals.

When the Turtle Trading Channel is correctly loaded on your trading platform your trading chart should look like this:

You can see in the above chart that the system works really beautifully in a trending market. The system is reliable too if you use it in a proper way. You should practice with it for some days or even months to get the feel trading with this system. It’s not easy to get adopted with the new style of trading and new trading systems but with repetitive practice with complete self discipline and peace of mind you can master the system very quickly.

Although this system is very reliable and effective, it is a lagging indicator so the actual entry might be delayed. But don’t worry it won’t be too late to open the position either. Due to the delayed entry your stop loss levels might be quite higher but it’s okay since you are going to ride the trend up to its fullest.

Buying Conditions Using Turtle Trading Channel.

The major trend should be up. You can find out this by having a glance at the chart.

Previous candlestick bar should be bullish.

Turtle Trading Channel should be below the price and it should be blue in color.

Open a buy position as soon as above conditions are met.

Place your stop just below the recent swing low.

Take your profit when the Turtle Trading Channel appears above the price and it is red in color.

Selling Conditions Using Turtle Trading Channel.

The major trend should be down. You can find out this by having a glance at the chart.

Previous candlestick bar should be bearish.

Turtle Trading Channel should be above the price and it should be red in color.

Open a sell position as soon as above conditions are met.

Place your stop just above the recent swing high.

Take your profit when the Turtle Trading Channel appears below the price and it is blue in color.

The turtle trading channel metatrader4indicator

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.

The turtle trading channel and filter forex trading strategy

The turtle trading channel and filter forex trading strategyThe Turtle Trading Channel and Filter Forex Trading strategy

The Turtle Trading Channel

Place a buy entry when the “The TurtleTrading Channel” forms its lines (a blue thick line and a deviating black dotted line) below the candlestick and the filter indicator forms blue bars. This is an assumption of a LONG entry and as such a BUY position is advised.

Place your stop loss below the “The TurtleTrading Channel” of the entry candle.

Exit Strategy:

The recommended exit strategy for this trading strategy is to exit when the “The TurtleTrading Channel” forms lines (a red thick line and a deviating black dotted line) above the candles. This is an indication for an exit.

The Turtle Trading Channel and Filter Forex Trading strategy Buy Signal

The chart above depicts the condition for a buy entry, with the filter indicator forming blue bars (signifying a buy entry), while the “The TurtleTrading Channel” forms its line below the candlesticks. The exit criterion for this trading strategy is the formation of the “The TurtleTrading Channel” on the reverse i. e. above the candlesticks.

Enter a SHORT position when the “The TurtleTrading Channel” forms its lines (a red thick line and a deviating black dotted line) above the candlestick and the filter indicator forms corresponding red bars. This is a SHORT entry condition and as such a SELL is advised.

Place your stop loss above the “The TurtleTrading Channel” of the entry candle.

Exit Strategy:

The recommended exit strategy for this trading strategy is to exit when the “The TurtleTrading Channel” forms lines to the reverse (a blue thick line and a deviating black dotted line) below the candles. This is an indication for an exit.

Moving average channel day trade

Moving average channel day tradeMoving Average Channel Day Trade

This day trading setup by Jake Bernstein uses a moving average channel to figure out trend and key support and resistance levels. For our review, we will build a moving average channel with a 20-period SMA of highs and lows.

Rules for Long Day Trade

Wait for two consecutive bars to move entirely above the high of the channel

Buy as price tests the 20 SMA of lows (more aggressive traders can buy on test of 20 SMA of highs)

Rules for Short Day Trade

Wait for two consecutive bars to move entirely below the low of the channel

Short as price tests the 20 SMA of highs (more aggressive traders can sell on test of 20 SMA of lows)

Winning Trade Moving Average Channel Day Trade

Moving Average Channel Day Trade Winning Trade

This chart shows a 5-minute chart of ES, the E-mini SP futures. The two circled bars went completely below the moving average channel and confirmed the down trend.

For a conservative trade, we placed a sell limit order at the top of the channel. As prices spiked up to hit the channel top, we entered a short position at 1347.25. Prices continued down until 1338 and gave a profit potential of 9.25 points, while risking almost nothing as the trade went in our direction immediately after we entered.

In this example, the moving average channel highlighted the strong bear spike as price moved beyond the channel. The top channel line gave excellent resistance and minimized our risk. Even if we entered as the bearish outside bar broke the low of the previous bar, it was still a good entry with little adverse movement.

Losing Trade Moving Average Channel Day Trade

Moving Average Channel Day Trade Losing Trade

Here, similarly, we had two bars entirely below the channel to confirm the down trend. We then shorted with a limit order at around 1356.75. However, the trade went against us almost immediately and forced out any reasonable stop-loss order.

There were warning signs against taking this trade.

First, the two circled bars were not exactly in free fall with the first bar being a doji and the second bar with a long bottom tail.

Next, right after channel break-out, there was a classic double bottom followed by four consecutive bullish bars. Following that, you could notice that each bearish bar was followed by either a doji or a bullish bar, suggesting that the bears were giving up the fight.

Given this bullish context, we should not take a short trade simply because of the rigid trading rules.

Review Moving Average Channel Day Trade

This trade setup gives the traditional moving average a useful twist. Using the highs and lows to form moving averages is a sound concept as they are the natural support and resistance levels of each bar. Hence, it behaves nicely as support and resistance .

Requiring two bars to go beyond the channel helps to find spikes and avoid ranging conditions.

A potential pitfall of using this trading setup is over-reliance on the moving average channel for support and resistance. This may cause traders to overlook the real price action unfolding before them.

For more channel surfing action, read 4 ways to trade a channel .

Source: The Compleat Day Trader, Second Edition

Trend channel forex scalping system

Trend channel forex scalping systemTrend Channel Forex Scalping System

Written by Thomas Zanil

Take advantage of Keltner Channels with the Trend Channel scalping system for Meta trader 4. It's composed of 2 only trading indicators and simple trading rules.

Download : Download Trend Channel scalping system from here >>>

Time Frame (s): 5 Min chart

Currency Pairs (s): EUR/USD, GBP/USD

Used Indicators: Keltner Channels (period 42), Exponential Moving Average (EMA 10)

Trading Sessions: London, US

Trading Strategy:

BUY Rules:

Open long trading position when the EMA 10 (red line) crosses the upper Keltner Band from below. Place stop loss at the middle band or 12 pips max. Take profit objective: 7-25 pips.

SELL Rules:

Open short trading position when the EMA 10 (red line) crosses the lower Keltner Band from above. Place stop loss at the middle band or 12 pips max. Take profit objective: 7-25 pips.

Trading Example: