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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.
Ma Channels Breakout

Ma Channels Breakout

Ma Channels Breakout


Ma Channels Breakout Reviewed by learn forex trading on December 07, 2019 Rating: 5

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