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Volatility Channel Breakout Strategy

Chris Moris | Published on the wed Jun 14, 2017 5:33 pm | 3626 Views

Recommended timeframes M15

Trading pairs: all

Time-frame: from M15 and more

Indicators:

ATR (30) (Average True Range) with EMA 5 (5-period Exponential Moving Average )

ATR (14) (Average True Range) with EMA 4 (4-period Exponential Moving Average)

30 SMA High

30 SMA Low

Open long positions when the price has crossed both moving averages from below and ATR (30)>EMA5.

Open short positions: when the price has crossed both moving averages from above and ATR (30) > EMA5.

Stop Loss

When going long, place Stop Loss at the level of 30 SMA Low; when going short - at the level of 30 SMA High.

Closing of trades

Close a trade if ATR (14) <EMA 4 or place Take Profit whose value will be 3 times more than the value of Stop Loss. 

About the author

Chris Moris

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