Momods Open Canal Trading is a very simple system, however very powerful. It works based on Trendalt indicator. I have changed this indicator by changing one of the parameters and shifted it to externals. I have done it to change the amount of bars used in calculating the trend. I have used three Trendalt indicators in my system with different bars count. The buy signal comes about when a canal is opened from the area below zero line to the area higher than zero. In other words, when all the three trend lines cross zero at the same time, the sell signal takes the opposite place.
Every order must be unlocked after the close of preceding bar (at cross) as well as open of new one. You will exit the trade when any of the three trend lines reversed that is crossed zero in opposite direction. The System can work on any pair and any TF. You require taking open and closing signals from the similar TF.
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