58# ATR Channel Breakout Swing Strategy
Submit by FreddyFx 30/12/2013
ATR Channel Breakout Swing Strategy is a trading system based on the breakout method.
Time Frame 4hours
Currency pairs any.
ATR Channel setting
ATR periods 20
MA 50;
Multifactor 1: 2
Multifactor 2:2
Multifactor3:0
ADX WMA histo setting:
ADX VMA (10.0 period);
ADX VMA (4, price);
ADX VMA trend true.
Buy Entry is taken on Open next open bar, if on previous bar closed , price closed above the Entry threshold. That is, above the top of the channel. ADX VMA bars are deep sky blue. For Short selling, rules are exactly the opposite with ADX VMA bars are oange Red.
Exit with stop loss 50-60 pips and profit target with ratio 1:2 but after 70 -80 pips in gain move stop loss at the entry price.
For day time frame exit position setting:
stop loss 130-160 pips profit target with ratio 1:2 180-300 pips.
