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CAP Channel Trading EA

4.25

CAP Channel Trading EA MT4 is Expert Advisor that base on our famous indicator CAP Channel Indicator.  EA is a non-optimized expert advisor you have to find best setting by yourself. Who using our CAP Channel Indicator and looking for EA that base on Channel indicator this EA is best for them. We give lots of options so you can customize your trading strategy.  [ Installation Guide | Update Guide | Submit Your Problem | All Products ]

Channel Trading is a volatility-based indicator that makes use of the “advanced envelope theory”. These envelopes consist of two outer lines. Envelope theory states that the market price will generally fall between the boundaries of the envelope (or channel). If prices move outside the envelope, it is a trading signal or trading opportunity.


Functions

  • Easy to use and customizable Stochastic setting.
  • Customizable indicator settings
  • Built-in money management
  • Grid trading when trade in Loss
  • Customizable break-even, SL, TP and trailing-stop
  • Filter trading by multiple forex sessions
  • Built-in news filter. EA automatic download news data from news website.   
  • Grid trading when trade in Profit
  • Initial trade stop filter- you can set a daily time zone so EA will close all trades in that time.
  • Trade close filter by Daily time
  • Implements a martingale features 
  • Partial Closing
    Know more details about PRO version


Setting File
Download Setting file Click Here

Input Parameters
For a complete description of the input parameters of the EA, kindly read the   user guide.


Ready to Unlock Full Access?
Become a Lifetime Member with a one-time purchase — get unlimited access to all EAs & Indicators for free, forever, more details click here. 


Custom Modification / For White-label

If you want personal custom development or white-label of this product. For Details to with us.


Support
I am happy to provide free products but given my limited time, they come without support of any kind. My apologies.


Official Channel

To get product news, setting files, and free indicators, please subscribe to our Official Channel.


    Author

    Mohammad Ali, technical analyst and speculator, software engineer and founder of MEETALGO LLC.‌

    Reviews 4
    64291969
    75
    64291969 2023.02.22 11:35 
     

    This is a wonderful EA, very bold strategy it even hedges against the price if it goes in the wrong direction!! Its a WIN WIN strategy!! Thank you!

    Maik Siebel
    801
    Maik Siebel 2022.10.02 12:51 
     

    Perfect for semi-automated trading. For fully automated trading, I could not yet find any settings that brought a good profit drawdown ratio. The developer responds quickly to error messages and questions. Very professional.

    ANDREI IVANUSHKIN
    304
    ANDREI IVANUSHKIN 2020.07.17 06:52 
     

    Str5 fantastic

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    Filter:
    Cristian Mantovani
    2967
    Cristian Mantovani 2024.05.21 09:32 
     

    The news filter has not been working for 2 weeks and the seller is not doing anything to fix the problem.

    64291969
    75
    64291969 2023.02.22 11:35 
     

    This is a wonderful EA, very bold strategy it even hedges against the price if it goes in the wrong direction!! Its a WIN WIN strategy!! Thank you!

    Maik Siebel
    801
    Maik Siebel 2022.10.02 12:51 
     

    Perfect for semi-automated trading. For fully automated trading, I could not yet find any settings that brought a good profit drawdown ratio. The developer responds quickly to error messages and questions. Very professional.

    ANDREI IVANUSHKIN
    304
    ANDREI IVANUSHKIN 2020.07.17 06:52 
     

    Str5 fantastic

    Reply to review
    Version 6.5 2024.11.20
    FIXED BUGS: Trend Filter is removed previous version, we added this function, with some customize
    ADDED: NEW FEATURE: In the Pro version 'Max Running Initial Trade (All Pair)' comes with more customizable, So you can stop opening new trade with some customized logic.
    Version 6.3 2024.05.24
    FIXED BUGS: From the previous week the news filter stopped working. In this version add a new input 'News URL' where there are different URLs of the news filter. You can select a news URL that works with you. There are three news source URLs -

    https: // ec.forexprostools.com
    https: // sslecal2.investing.com
    https: // sslecal2.forexprostools.com

    Keep IN MIND - If you select any news URL, you have to add the URL into Allow 'WebRequest for listed URL'
    Version 6.2 2024.04.04
    UPDATED: Minor Update, Internal coding change, Build with new compiler.
    Version 6.1 2023.04.01
    FIXED BUGS: The news filter not working, we fixed this issue. Please Add a new link to Terminal Options. The new link will be shown by EA
    Version 6.0 2023.01.06
    ADDED: NEW FEATURE
    –>>Rearrange some input sections, and we change some input names.
    –>>Add Martingale
    –>>Add Partial Closing
    Version 5.1 2022.09.02
    FIXED BUGS: In the MT4 version, When Additional Channel For Filter=On there no trade open
    Version 4.1 2022.03.14
    UPDATED: Change our branding name 'CAP' to 'MeetAlgo'
    FIXED BUGS: News filters
    Version 4.0 2021.03.18
    Product Update Info
    Major Update
    FIXED BUGS: Some bugs fixed

    KEEP IN MIND:
    ---> Major update in this version. Our pro function are add into this version. Before update your product. Please test this product again.
    ---> Your old setting file may be not work with new version. So manually set setting and save that setting file again.
    Version 3.0 2021.01.19
    Product Update Info
    MINOR CODING UPDATE
    Version 2.10 2020.07.18
    BUGS FIXED : Custom grid not work.
    Version 2.0 2020.07.16
    --->New Strategy Add
    Channel Type = Strategy 5

    How Strategy 5 Work

    SellSignal = When current price are above upper line (Current Price > Upper Line)
    BuySignal = When current price are below lower line (Current Price < Lower Line)