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Gold Channel XAUUSD

5
Gold Channel is a volatility-based indicator, developed with a specific timing algorithm for the XAUUSD pair, which consists of finding possible corrections in the market.

This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the theory of the channel is to help identify overbought and oversold conditions in the market.


The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel it is a trading opportunity.

Group channel This tool simplifies the analysis of the financial market (XAUUSD) by being easy to understand and use.


Recommendation:

Currency pair: XAUUSD


M1/M5 (Scalping/more opportunities/more noise)

M5 (Scalping/day trading)

M15/M30/H1 (best windows M15/M30/H1 more precision )

H4/D1 (long negotiations/swing trade)


Group channel - https://www.mql5.com/pt/messages/01fd274e1f29da01


Author


Paulo Rocha all rights reserved


Comentarios 2
Molefi Mokhethi
336
Molefi Mokhethi 2024.04.30 07:50 
 

Excellent indicator,not only with Gold but other instruments, this is exactly what I have been looking for. you will also get excellent support from Paolo.

wuzzy66
921
wuzzy66 2024.04.11 19:19 
 

A must have indicator this indicator would guarantee you 90% of winning trades I wish I could add my snap shoots of my account this is a game changer trading Gold easy to use and this strategy reduces your chances 90 of loosing I wish I knew about this for long I tested the demo and from the results I saw immediately I purchased kudos to developer pls get this an start generating massive profit

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ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity. The
ELT Reversal MT4 (Elite_Indicator)    is an indicator for the MetaTrader 4 terminal. . This indicator is based on the Counter-Trend strategy, but also uses Volatility. It is based on showing possible liquidity in the financial market, thus helping traders in their trading. ELT Reversal MT4 (Elite_Indicator) is a visual tool, intuitive, and easy to understand and use.  Recommended time frame for Scalping Trade : M1  M5  M15 Recommended time frame for Swing Trade : M30  upward Better precision:
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Molefi Mokhethi
336
Molefi Mokhethi 2024.04.30 07:50 
 

Excellent indicator,not only with Gold but other instruments, this is exactly what I have been looking for. you will also get excellent support from Paolo.

wuzzy66
921
wuzzy66 2024.04.11 19:19 
 

A must have indicator this indicator would guarantee you 90% of winning trades I wish I could add my snap shoots of my account this is a game changer trading Gold easy to use and this strategy reduces your chances 90 of loosing I wish I knew about this for long I tested the demo and from the results I saw immediately I purchased kudos to developer pls get this an start generating massive profit

Paulo Rocha
611
Respuesta del desarrollador Paulo Rocha 2024.04.11 19:33
Thank you very much for feed back!!! Good trades!
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