Channel Enslaver was created by Algorithmic Capital, Ltd. and was uploaded to the MQL5 Marketplace on the 11th of April 2019, it was uploaded as version 1.2 and has not received any further updates.
Overview
Channel Enslaver is an indicator that can be used with the MetaTrader 4 trading platform.
The indicator was designed to do a few different things:
- Analyzes the market and finds the best moments to trade.
- It will give an alert about the need to open and close deals and send notifications to your mail or PUSH to your phone.
- Conveniently displays all trade statistics on a chart of quotes.
- Independently calculate and show statistics of the effectiveness of their signals!
There is a full manual that comes with the indicator should you decide to rent or buy it which will help you get it set up and will also explain nay potential parameters that may be available to alter.
Service Cost
There are a couple of options available to get access to the Channel Enslaver indicator, you can purchase it with a one-time payment of $77, or you are able to rent it for $44 per month, you will get up to 5 activations whichever method you use.
A free demo version is also available, the site does not detail what the limitations are so we believe that it will only be able to be used with the MT4 strategy tester.
Conclusion
Unfortunately, Channel Enslaver does not have any user reviews or ratings so we do not know how customers shave been finding it or whether it is, in fact, doing what it is meant to do. There is a comment from the developer which is actually advertising some of their other software which is not a great thing to see, it was also from 2019 so we are not sure whether it is still being supported by the developer, we would recommend contacting them before making a purchase or a rental to check that you will still be able to receive some support once purchased.
This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/37607
