Last Updated on May 8, 2025 by Tim Morris

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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