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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.

Channel breakout for day trading.
Channel breakout for day trading.
Channel breakout for day trading.
Channel breakout for day trading.
Channel breakout for day trading.
Channel breakout for day trading.

Share your opinion, can help eveyone to understand the forex strategy.

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Channel breakout for day trading.
Channel breakout for day trading.
Channel breakout for day trading.rar
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