Super Channel Trading System For MT4

Super Channel Trading System For MT4

Table Of Contents:

  1. Super Channel Trading System For MT4
  2. Super Channel Trading System For MT4 – Long positions
  3. Super Channel Trading System For MT4 – Short positions
  4. Is Super Channel Trading System For MT4 profitable?


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The Super Channel Trading System For MT4 is a short term scalping trading system. As you can see from the above charts, this trading strategy is applicable for trading on the 15 minute chart time frame. It makes use of a combination of support and resistance indicators as well as oscillators. The lack of any trend based indicators suggests that the super channel trading system he's a part of the breakout trading system.

The main indicators used in the super channel trading system are the Super signals channel indicator. This indicator is responsible for plotting the up and down arrows that you see on the price chart. These are formed when prices interact with one of the key levels on the chart. The next indicator is called the Renko super signals indicator. This indicator is also used for plotting the up and down arrows with the only exception that it plots the large circles colored in red and green when price action interacts with the support level.

Next, we have the support and resistance indicator itself will stop this indicator, as the name suggests is responsible for plotting the horizontal support and resistance levels on the price chart. This indicator also gives a short comment on the support and resistance levels. It is important that Raiders should pay attention to the comments that are formed within the support and resistance hideous as it can signal when a support or assistance level has been tested or is yet to be tested for the very first time.



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In the first sub window, we have the standard stochastics oscillator. This oscillator behaves the same way as the standard stochastics oscillator would. In other words, the stochastics oscillator is used to measure the market momentum. When trading with The Super channel trading system, it is essential that traders also pay attention to how the stochastics oscillator is moving either from the overboard or the oversold levels.

In the second sub window of the Super channel trading system, we have another custom indicator called the Zeus arrow filter. This is a custom indicator which behaves similar to that of the relative strength index indicator. The only difference is that it plots the key swing highpoints and the key swing low points in the price.

Let's now take a look at how you can trade long and short positions using Super channel trading system for MT4.




Super Channel Trading System For MT4 – Long positions




In order to take a long position using the Super channel trading system, traders should first wait for price to bounce back towards a previously formed support level. Ideally, this support level should be untested. This will give you the best guarantee for price to rebound to the upside.

After identifying the support level, watch for price to retest this level. At this point, the stochastics oscillator should ideally be turning out from the oversold levels. At the same time, wait for the green arrow to be pointed. You will see this happening when the RSI indicator in the sub window also plots the yellow dot.

After you confirm all the above, you can take a long position at market. We recommend that you identify the recent swing high and set up a pending long order here. Now, identify the recent swing low and set your stop loss to this level. You can calculate a fixed risk to reward ratio and set your first take profit level accordingly.

For the remainder of the trade, identify any nearest resistance level and set your take profit there. By this point, your trade should be moving with no risk on the table.




Super Channel Trading System For MT4 – Short positions




In order to take a short position using the Super channel trading system, traders should first wait for price to bounce back towards a previously formed resistance level. Ideally, this resistance level should be untested. This will give you the best guarantee for price to rebound to the downside.

After identifying the resistance level, watch for price to retest this level. At this point, the stochastics oscillator should ideally be turning out from the overbought levels. At the same time, wait for the red arrow to be pointed. You will see this happening when the RSI indicator in the sub window also plots the red dot.

After you confirm all the above, you can take a short position at market. We recommend that you identify the recent swing low and set up a pending short order here. Now, identify the recent swing high and set your stop loss to this level. You can calculate a fixed risk to reward ratio and set your first take profit level accordingly.

For the remainder of the trade, identify any nearest support level and set your take profit there. By this point, your trade should be moving with no risk on the table.




Is Super Channel Trading System For MT4 profitable?


Super channel trading system is a fairly simple breakout based trading strategy. As we mentioned, this trading system is applicable for trading on the short term intraday charts. Therefore, swing traders might find it difficult to trade with this forex trading strategy on the higher chart timeframes.

The trading template that comes with the super channel trading system is fairly lightweight to use. Therefore, traders can use this to monitor multiple instruments at the same time. We can recommend the Super channel trading system for beginners as well as professional traders. This trading system will give you a unique perspective into trading with support and resistance levels.

Due to the fact that the super channel trading system is a breakout based trading system and not depending on the trends, this trading system offers a fairly higher chance of making consistent profits. However, that being said, traders need to always weigh the risks before entering into a trade.

Understanding of price action patterns can also greatly benefit in improving the odds of your trading success when you're using the super channel trading system.

Download the complete system description and the files here:

FREE Super Channel Trading System

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