Many traders use the strategy "price channel breakout - returning to the level - rollback from it". This product is a semiautomatic EA tracking the price levels set in the EA settings or determined automatically. Two operation options are available. Semiautomatic ( Automatic detection levels is set to false) and automatic(Automatic detection levels is set to true). In the semiautomatic mode, the levers are set by the user manually, set using the EA settings or by using the control panel. In automatic mode, the EA determines the price levels automatically. As soon as at least one or two bars (depending on the The criterion of breakdown of the level value) close above/below the specified price level of a given timeframe, the EA will consider the level broken. After that, depending on where the EA is allowed to trade (defined by the Trade is allowed yes/no parameter), it places a limit buy/sell order at this level and notifies the trader. In addition, the EA is able to send emails and push notifications (specified in the settings). The current location of the price relative to a price level is indicated by color. For the convenience of managing the price levels, the EA features a control panel, using which you can add, modify or delete a price level at any time.

Note: When you change the timeframe of the chart the EA is running on, it is reinitialized all the settings and levels added through the control panel will be reset to default values.

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