Volty Channel StopV2 Metatrader 4 Indicator
The Volty Channel indicator is a trend following leading indicator for Metatrader 4. It draws blue and red dots above/below the currency price. A red dot means a sell opportunity while a blue dot means a buy opportunity.
Stop Loss Placement
A stop loss will be placed a few pips above the red dot for sell trades. On the contrary, a stop loss will be placed a few pips below the red dots for buy trades. Use a trailing stop to protect your profits.
EUR/USD Daily Chart Example