411# Double Channel MA Filtered Trading System

Channel Trading Method

Submit by JamesUK 30/11/2012

 

Time Frame 30 min or higher.

Currency pairs: any.

 

Metatrader Indicators:

Xard MACD flat Trend (24,48,12);

RSI Histo alert v.2 (RSI 21, Buy level aler 10, Sell level alert -10, MA 4);

21 exponential moving average High;

21 exponential moving average High;

11 exponential moving average High ;

11 exponential moving average High .

 


This is picture setup of trading system, Double Channel MA Filtered.

 

Double Channel MA Filtered
Double Channel MA Filtered

Buy Trade

1. Price closes above the blue 21 EMA of the highs;

2. RSI histo alert is above the 10 line (blue bars);

3 Xard MACD flat Trend is green.

 

 

Diouble Channel MA Filtered
Diouble Channel MA Filtered

Sell Trade

1. Price closes below the red 21 EMA of the lows;

2. RSI histo alert is above the -10 line (blue bars);

3, Xard MACD flat Trend is red.

 

Stop loss

Stop loss for buy trade will be placed a 3 pips under the red 21 EMA of the lows;

Stop loss for sell trade will be placed a 3 pips above the blue 21 EMA of the lows;

 

Trailing Stop loss

Trailing stop loss for sell trade the red 11 EMA of the highs (dotted line);

Trailing stop loss for Buy trade the blue 11 EMA of the lows (dotted line)

 

Profit Target Ratio 1:1. If stop loss is 20 pips target=20 pips.

 

Double Channel MA filtered
Double Channel MA filtered. Channel Trading Method
Double Channel MA filtered.rar
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