Free Forex Indicators (MT4), Trend Following Indicators
CAP Channel Trading Indicator MT4
By Arun Lama
Updated On
CAP Channel Trading Indicator MT4 has introduced the Advanced Envelop Theory to produce volatility based trading signals. According to this theory, it plots its envelope with a prediction that price will make a movement in between its boundaries.
Forex CAP Channel Trading Indicator is comparably advanced than other channel indicators because, it moves enormously sensitive to the fluctuations of the price volatility. It determines real time high low channels of live markets and lets traders to take their trading opportunities through its Signal Arrows.
This indicator is suitable for any Forex currency pair and for any timeframe charts from M15 to higher.
After the installation of this indicator at mt4 trading system, you find your chart as the image below:
CAP Channel Trading Indicator MT4
Time Frame
Currency Pairs
Indicator Factors
Ratings
M15 to Any
Any
3
9.6/10
Forex CAP Channel Trading Indicator Anatomy:
CAPChannel Trading Indicator Overview
Upper Channel: Price reaches the upper channel indicates the overbought market. Usually traders look for short entries whenever price approaches the Upper Channel level of the Envelope. This is also the place to exit long entries.
Lower Channel: Lower Channel plots the oversold level of Market price. This is the level where traders look for long entry opportunities. As it is a oversold level, short entry holders can close their trades whenever price gets in this area.
Signal Arrows: This tool signals market entry through its up/down arrow which appears right above or below the respective signaling bar.
Forex CAP Channel Trading Indicator: Buy Parameters
CAP Channel Trading Indicator Buy Parameters
Price is supported at the Lower Channel
Buy triggers when upward Signal Arrow appears
Stop Loss below the swinging low
Take profit when price reaches the Upper Channel level or a downward Signal Arrow is plotted
I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.
It used to be free on mql5 marketplace. Now it’s at $30 if I remember right.
Anyway Salam to all.
I’ve used the Cap channel since December 2018 and the only problem I got is the incurred losses whenever there’s a breakout trend.
Is there any indicator that could complement the cap channel and filter out any wrong signals.
Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
I downloaded the cap canal.
mt4 did not work
Hi,
It worked well for me. please refer to this article to install indicator correctly! https://www.trendfollowingsystem.com/install-indicators-metatrader-4-mt4/
Hello, I tried downloading this indicator, but download link no longer work.
Updated !!! Now you can download.
Yeah!! I see it is not working please refer to the developer.
INDICATOR DONT LOAD ON CHART
Yeah!! I see it is not working please refer to the developer here:https://www.mql5.com/en/market/product/20808
YES. THE NDICATOR DONT LOAD ON CHART
As i mentioned earlier please refer to original developer
c’est bon : celui téléchargé sur le site du développeur marche bien
Merci Arun.
Cool!
Developer page is not there anymore
I think I cannot do anything on that regard :D
ii download but not workpleae sendd email on indicator cap channel tradiing
Please contact the original developer!
It used to be free on mql5 marketplace. Now it’s at $30 if I remember right.
Anyway Salam to all.
I’ve used the Cap channel since December 2018 and the only problem I got is the incurred losses whenever there’s a breakout trend.
Is there any indicator that could complement the cap channel and filter out any wrong signals.
Rehards
I have not worked on that yet!
Cap channel don’t work in MT4