Trend Following Breakout System – High Accuracy FXPASS Channel Breakout Trading Method with CCI Filter.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
FXPASS Channel Breakout Trading Method is a channel breakout trading method based on high accuracy MT4 indicators.
In this version there is also as filter Half Trend indicator, Price Channel Stop, and CCI. This is a trend following breakout system.
- Time Frame: 15 min or higher
- Financial Market: any
MetaTrader Trading Indicators
- FXPass Signals: 10 ,15
- FXPass Channels: 10
- Half Trend 1.02 (default setting)
- Price Channel Stop
- FXPass Mash Channel (10, 100, 10)
- CCI
BUY Rules
- FXPass Signals green arrow
- Half Trend 1.02 aqua line
- FXPass Mash Channel green bar
- Price Channel Stop aqua color
- CCI line above 55
SELL Rules
- FXPass Signals green arrow
- Half Trend 1.02 aqua line
- FXPass Mash Channel green bar
- Price Channel Stop aqua color
- CCI line above 55
Trading NOTES
- Exit position with predetermined profit target: ratio 2:1 stop loss
- Stop loss for BUY below red line
- Stop loss for SELL above blue line
- You can use martingale between 1.5 and 2.0 for position management
- When you use the martingale always remember to use stop loss and profit target constants that depend on the time frame.