Ma Channels Breakout

Ma channels breakout is a strategy based on two moving averages channel (fast and slow) and RSI as filter for entry.

Time frame 15 min or higher.

Currency pairs:EUR/USD, GBP/USD, USD/JPY, GBP/JPY, EUR/JPY, EUR/AUD, EUR/NZD, AUD/USD, AUD/NZD, NZD/CAD, NZD/USD, USD/CAD, EUR/GBP, AUD/JPY, CAD/JPY, AUD/CAD.

Indicator setting

Moving Average (20, Simple, High)

Moving Average (20, Simple, Low)

Moving Average (5, Simple, High)

Moving Average (5, Simple, Low)

RSI (11, Levels 35, 65)

Trading Rules Ma Channels Breakout

Buy

1. The price has pierced both channels up

2. RSI line crossed the 65 mark from the bottom up

Sell:

1. The price has pierced both channels down

2. RSI line crossed mark 35 from top to bottom

There is a flat between the levels 35 and 65 of the RSI indicator (we do not trade for a breakdown)

We do not enter if the breakout candle is more than 2 times larger than the previous one

TP on fast channel reverse breakdown

Aggressive TP = 15 pips for EURUSD H1

Initial stop loss on the previous swing High/low.

This strategy can be applied with all trading platforms and is very simple for to create an expert advisor.

In the pictures Ma Channels Breakout.