217# Viper Channel Trading
Middle term channel filter
MA crosses channel
Submit by Dimitri
Viper Channel Trading is a forex strategy based on channel of moving average, the purpose of this system is to eliminate some of the noise that moving average based systems generate in side markets. The system is very simple and consists of a moving average channel and a moving average that crosses it as entry timing on the market.
Setup Strategy
Time frame 15 minutes or higher.
Currency pairs:any, Indices and Gold.
Platform:any.
Profitability:high.
Indicators
Exponential moving average 55 periods, high.
Exponential moving average 55 periods, low.
Exponential moving average 21 periods, close.
Trading rules of Viper Channel Trading
Buy
Exponential moving average 21 crosses upward the upper channel.
Sell
Exponential moving average 21 crosses downward the lower channel.
Note. If the crossover occurs at high volatility to avoid entering the market late, enter when the price retraces towards EMA 21.
Exit position
Place initial stop loss on the previous swing high/low.
Profit target 15 minutes (20-40 pips depends by currency pairs) or ratio stop loss 1:1.5.
Examples of trades.
