Canal icare: Automated MT5 trading indicator identifying discount buys and premium sells

This Canal icare review presents a 2025 performance analysis using a mix of live account samples, controlled backtests, and forward demo tests. The analysis shows Canal icare consistently marking Discount buy zones and Premium sell zones around a simple moving average, which helps quantify when price appears overly expensive or overly cheap relative to its short-term mean. The developer, Vincent Albert Feugier, designed Canal icare as an MT5 indicator with emphasis on visual clarity and parameter flexibility. What makes Canal icare unique is its disciplined approach to zone definition: rather than relying solely on fixed ATR multiples, the indicator slices price action into strategic levels that traders can trade with entry rules and filters. The algorithm computes a base SMA and applies proportional channel offsets, then overlays confirmation conditions such as momentum and recent volatility thresholds. This hybrid method reduces false entries during chop while still capturing mean reversion opportunities when the market corrects to the center. Canal icare handles range-bound and mildly trending environments best, with reduced signals during strong trending extensions unless combined with a trend filter. Risk management is indicator-agnostic: it provides suggested stop and target regions, but users must implement position sizing and SL rules within MT5 or an EA wrapper. Expected performance characteristics in live tests show moderate win rates with positive reward-to-risk ratios when used with disciplined sizing and proven trade management.