699# Forex Pass
Channel Breakout Trading
Submit by Alce 11/08/2016
Forex Pass is a channel breakout trading method based on metatrader 4 indicators.
In this version there is also as filter half trend indicator. This a trend following breakout.
Time frame 15 min or higher.
Metatrader Indicators and setting:
FXPass Signals: 10 ,15;
FXPass Channels: 10;
Half Trend 1.02 (default setting);
FXPass Mash Channel (10, 100, 10).
Trading Rules Forex Pass
FXPass Signals green arrow.
Half Trend 1.02 aqua line.
FXPass Mash Channel green bar.
FXPass Signals red arrow.
Half Trend 1.02 red line.
FXPass Mash Channel red bar.
Exit position with predetermined profit target: ratio 1:1 stop loss.
Stop loss for buy below red line.
Stop loss for sell above blue line.
You can use martingale between 1.5 and 2.0 for position management.
When you use the martingale always remember to use stop loss and profit target constants that depend on the time frame.
In the pictures Forex Pass in action.