Trend Following Indicators, Free Forex Indicators (MT4)

Channel Surfer Auto Trend Line

Channel Surfer Auto Trend Line is a price action-based trend-following indicator. It simply relieves the hassle of looking for trend channels and drawing them manually in the charts on a regular basis.

It doesn’t matter which time frame you use or which forex currency pair you pick for trading, this Trend Line fits everywhere. Thus, traders of any kind can be benefited from this dynamic trend channel indicator.

Channel Surfer Auto Trend Line can be used alone to carry out daily trading operations. However, you can add other trend-following indicators along with this handy tool to extend the accuracy of the trade signals.

Channel Surfer Auto Trend Line Overview:

After the installation of this Trend Line at your Forex MT4 terminal, your trading chart will appear like the following image:

Channel Surfer Auto Trend Line Overview

Channel Surfer Auto Anatomy:

Channel Surfer Auto Trend Line Anatomy
  • Upper Channel: This line connects the swing highs of the market to project the future dynamic resistances of the market. This is the ideal place to go short if price fails to break and move above the Upper Channel.
  • Mid Channel: It works as the heart of the whole trend channel. Price holds above its level indicates the continuation of the bullish move. Conversely, the price stays below its level validates the current bearish thrust of the market.
  • Lower Channel: It connects current swing lows of the market to define possible future dynamic support levels of the market. Price holds right above its level and bounces upwards means it is time to long.

How to Trade Guide: Head & Shoulders Pattern

Channel Surfer Auto Trend Line: Buy Parameters

Channel Surfer Auto Trend Line Buy Parameters
  • Price rejects to go below the Lower Channel and bounces towards the Upper Channel
  • All the trend lines are guided to the upward direction
  • Buy triggers when the above conditions are met
  • Set stop loss below the Lower Channel
  • Exit long/take profit whenever price hits the Upper Channel

Channel Surfer Auto Trend Line: Sell Parameters

Channel Surfer Auto Trend Line Sell Parameters
  • Price rejects to go above the Upper Channel and moves towards the Lower Channel
  • All the trend lines are guided to the downward direction
  • Sell triggers when the above conditions are met
  • Set stop loss above the Upper Channel
  • Exit short/take profit whenever price hits the Lower Channel
Share on:

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.

3 thoughts on “Channel Surfer Auto Trend Line”

  1. Thayou for this. Its amazing. Making money is easy now. I was searching for a good auto channel indicator for a long time. You have done a great job.

    Reply

Leave a Comment

About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

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.