CAP Channel Trading EA

CAP Channel EA is built on the well-known CAP Channel Indicator. This EA is a non-optimized expert advisor; you may have to discover the best settings on your own.

This Expert Advisor can be purchased from the MQL marketplace whilst there is a free demo version also available to give it a try before making any commitment. In this article, I will be taking a look at how the CAP Channel Trading EA works. Hopefully, that will help you to decide if this is a trading robot that you would consider using on your trading account.

Trading with CAP Channel Trading EA

Channel Trading is a volatility gauge that employs “advanced envelope theory.” These envelopes are made up of two outer bands. According to envelope theory, the market price will usually fall between the envelope’s boundaries (or channel). When prices shift outside of the envelope, this is a trading signal or a chance.

Channel trading is a popular forex trading strategy that involves identifying and trading within a range-bound market. The basic concept behind channel trading is that price tends to move within a certain range, bouncing between support and resistance levels.

To use channel trading, traders typically identify a range-bound market by plotting support and resistance levels on a price chart. These levels can be identified through a variety of technical analysis tools. Once the range has been identified, traders usually proceed to buy at the lower end of the range (support) and sell at the upper end of the range (resistance). However, the CAP Channel Trading EA automatically trades channels for the traders/investors.

In addition, it’s important to manage risk by setting stop-loss orders to limit potential losses if the market breaks out of the channel. The CAP Channel Trading EA has built-in management feature and also uses customizable break-even, stop loss, and take profits.

One of the benefits of channel trading is that it can be applied to any time frame, from short-term intraday trading to longer-term swing trading.

CAP Channel Trading EA
CAP Channel Trading EA

CAP Channel Trading EA Functions

  • Easy to use and customizable Stochastic setting.
  • Customizable indicator settings.
  • Built-in money management.
  • Grid trading when trade is in loss.
  • Customizable break-even, SL, TP and trailing stop.
  • Filter trading by multiple forex sessions.
  • Built-in news filter. EA automatic downloads news data from news website.
  • Grid trading when trade is in profit.
  • Initial trade stop filter- you can set a daily time zone so EA will close all trades at that time.
  • Trade close filter by daily time.
  • Implements martingale features.
  • Partial closing.


CAP Channel Trading EA could be found useful by traders of all levels of experience. The developer of this forex EA has also shared some back tests for you to get an idea of how the CAP Channel Trading EA has performed over recent years through different market conditions.

It is important to note that past performance does not guarantee good future results. Therefore, I would only test the CAP Channel Trading EA on a demo account using a trial version to begin with. This would allow me to get a feel for how it works and see if it fits within my own trading style.

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