Autotrend Channel Forex Support and Resistance

This Trading System is trend following. and is determined by autotrend channel. Use this system on a 30 minute tomeframe or higher.
This is applicable to any currency pairs.

Forex Indicators:

• Spud Stochastic: ( composed by 19 Stochastic indicators);
• Autrend Channel (setting 30 min , 60 min: 24 hours- 240 min 60 hours- daily 336 hours) (This setting is the heart of the trading system: the secret);
• Fib Pivot 3 (only for intraday trading wit time frame 30 min and 60 min).
• Swing Arrow.

Buy Entry:

• AutoTrend Channel in up trend.
• lines Spud Stochastics is greater than 50 or 76.
• Open long position at the open next bar after a buy swing arrow.

Sell Entry:

• AutoTrend Channel in down trend.
• lines blue Stochastics indicators is less than 50 or 23.
• Open short position at the open next bar after a sell swing arrow.

Exit position:

• At the oppoosite arrow.
• Intraday Trading Fibo pivot is the good Profit Target.
• 25-30 pips profit target
• Swing Trading Profit Target Predetermined by time frame and currency pairs.
• Ratio 1.3 Stop loss.
• Initial Stop loss on the previous swing:
• for intraday trading after 18 pips in gain move stop loss at the entry price;
• for swing trading after ratio 1:1 move stop loss at the entry price.

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