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Channels are formed when price starts bouncing between two parallel trendlines.
When price hits the upper trendline we sell and when price hits the lower trendline we buy.
Sounds simple? Yes it is. The problem lies in finding the channel which you will trade.
You can download this Forex Channel Trading System that makes everything very easy free.
These are the indicators that you are going to download:
RenkoLiveChart_v3.2.ex4
RenkoLiveChart_v3.2.mq4
HeikenAshi3.ex4
HeikenAshi3.mq4
FastTMALine.ex4
FastTMALine.mq4
smFisherTransform3.ex4
smFisherTransform3.mq4
Repulse2.ex4
L Repulse2.mq4
TrendWave2.ex4
fct1