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.
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