Smart Channel M4

Smart Channel M4

The trend in the market can be predicted using trend lines but the problem is you don’t know where exactly the price is going to touch the trend line where you can put your pending orders on. Smart Channel Expert Advisor makes it possible to put an advanced channel around the price data, which can be configured to handle placing orders, opening and closing positions, managing risk per trade, spread, slippage, and trailing stop-loss and take-profit automatically.

Features

• Money Management (Calculates Risk-Reward ratio, Volume, profit and loss)
• Trend-Age-Aware Risk Management
• Smart greedy algorithm for stop-loss trailing
• Hides Stop-Loss and Take-Profit from your broker
• Status reports through push notifications, email and popup alerts
• Supports both pending and instant execution order types
• Share your channel configuration with your friends
• Shows channel configuration errors and warnings
• Easy adjustment graphically and numerically
• Trailing Stop-Loss and Take-Profit
• Spread specification table

How To Test Smart Channel EA

Smart Channel EA can be tested using the Metatrader Strategy Tester. Since this EA uses many graphical objects and the graphical events work only on live charts but not in the Strategy Tester, you won't be able to configure the channel graphically using the tester. Therefore we have programmed a set of graphically configured test cases to the EA to let you test most of it's features easily.

Use the following steps to test this EA:

1. Open the strategy tester (Ctrl + R)
2. Click the Expert Properties button and select a test case than click OK (Each test case name shows the Symbol, Timefame and the Start Date of the channel)
3. Select Smart Channel EA from the expert drop down box
4. Select the Symbol and Timefame based on the selected test case
5. Set the Start Date based on the selected test case
6. Set the End Date to one or two months later
7. Adjust other parameters as you like
8. Start the tester
9. Since graphical objects do not work properly in the tester you might experience a delay in repositioning the panel while resizing the tester window. So before the tester starts, maximize the tester window.