Channel breakout for day trading
Channel Breakout filtered by Bollinger Bands Width
Channel breakout trading system
Submit by Rey
Channel Breakout for Day Trading is a simple breakout strategy suitable for day trading. This trading system is based on the indicators channel breakout and Bollinger Bands Width as filter.
This strategy is also suitable for multi position trading.
Channel breakout is suitable at the martingale.
This is a winning strategy.
Trading Session London and New York.
Currency pairs: AUD/USD, GBP/USD, EUR/USD, USD/JPY, USD/CAD.
Time frame 15 min
Metatrader Indicators
Channel Breakout Entry default setting.
Bollinger Bands Width setting : (20, 2.0), filter levels GBP/USD 25, AUD/USD 20, EUR/USD 22, USD/JPY 23.
Scalper indicator 25.
Trading Rules Channel breakout for day trading
Buy
Bollinger Bands Width above the filter level.
Scalper indicator blue line.
Channel breakout entry grey dot below the.
Exit when Scalper indicator changes color or with predetermine profit target.
Initial stop loss 12-18 pips dependes by pairs.
Sell
Bollinger Bands Width above the filter level.
Scalper indicator yellow line.
Channel breakout entry grey dot above the price.
Exit when Scalper indicator changes color or with predetermine profit target.
Initial stop loss 12-18 pips dependes by pairs.
Multiposition trading
Make all entries if BB width is higher than the level and MA BBwidth is greater than the MA.
In the pictures Channel breakout for day trading.
Share your opinion, can help eveyone to understand the forex strategy.
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