This EA Works Based on the Price Channel Stop V1.3 Indicator. The price Channel stop Indicator is similar to Moving averages, but here it calculates the Risk % ( Percentage ).

• Indicator Channel Period: Number [ N ] of candles to check the average price
  
  Formula: 

• Upper Channel =  High [ N ] - ( High [ N ] - Low [ N ] ) * Risk

• Lower Channel =  Low [ N ] + ( High [ N ] - Low [ N ] ) * Risk
  
  

Risk: Percentage %
Example: 30% risk = 0.3

Indicator Settings:

•   pricechannel_stop_v1.3.ex4