Channel Forex Breakout Strategy

This system is based on volatility and breakouts. Use this system in a 15 minute and higher timeframe.
This can be used in other market such as Stocks, forex, commodities and indices.

Forex Indicators:

• Channel Breakout ATR default setting.
• New ABHAFX Timing.
• ADX optional.

Buy Entry:

• Place a pending buy order 2 pips above the green dot.

Sell Entry:

• Place a pending sell order 2 pips below the green dot.

Green dot is safer and has few false signal. Use green dot as identifier of entry.

Exit position:

• Stop loss must be placed on the previous swing high/low or 2 pips above/below the setup bar.
• Profit Target ratio 1:1 but for high profitability ratio 0.3:1 example if you stop loss is 30 pips you profit target is 10 pips.
• You can use trail stop.

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