Channel Trader PRO is most suitable for any person under one or more of these categories:
- A trader with limited or no experience in Forex trading.
- A trader with limited time for trading because of family obligations or work.
- A trader with minimal technical experience.
- An experienced trader that got bored of staying in front of the screen for long periods.
Trading Idea
It employs a micro channel breakout strategy and scans the lower timeframes, so once a breakout occurs, the robot automatically opens a trade with a 200 pip SL and carefully manages it until its closure on average win of 11 pips or average loss of 21 pips. The EA sends its trading signals via a MySQL database.
Channel Trader PRO not a high frequency scalper as on average it trades about 200 to 300 times a year. It focuses on short term trades to smartly enter and leave the market harvesting its profits with limited exposure to rapid market movements.
It implements the successful Forex trading behaviors including emotion, verifications, trade management, money management, and market awareness into its trading strategy.