212# Channel Regression with PPO
Multi regression trading filtered by PPO
Submit by Marco
Channel regression with PPO is a trading system for binary options or for day trading based on multi regression channel. There are many strategies based on the Multi regression channel but the main difference with this system is the filter that I have used that is the PPO momentum indicator very accurate filter for the definition the conditions for entry.
Time Frame 5 min.
Currency pairs: any for BO, for Scalping majors with low spred.
Expiry time 6 candles.
Metatrader Indicators:
multi regression channel MT4 period 200, regression degree 4;
Sixty second trades with alert (entry signal);
BO Sugarman signals V.3 (pre entry condition for direction trade),
PPO ( 9, 17, 9) as fiter, this is a slow momentum indicator but help to avoid many false signals.
Trading rules
Call or Buy
Price is in lower red zone of regression channel wait the Buy arrow of BO Sugarman signals V.3.
PPO crosses upward.
Buy dot of Sixty second trades.
Entry when all three conditions are agree.
Put or sell
Price is in upper red zone of regression channel wait the sell arrow of BO Sugarman signals V.3.
PPO crosses downward.
Sell dot of Sixty second trades.
Entry when all three conditions are agree.
Exit position
Initial stop loss above/below red zone of the regression channel.
Profit target 5-12 pips depends by currency pairs.
Expected Profitability 60-65%.
In the pictures Channel Regression with PPO in action.
Share your opinion, can help everyone to understand the forex strategy.
Johnnie (Saturday, 06 January 2018 14:56)
Be careful with these repainting indicators such as regression channel as those signals are hindsight.