Breaking of the Double Volatility Channel strategy

Instruments: The strategy fits all instruments.

Timeframe: M15 and above.

Indicators:

1. RSI (11) Levels (35, 65);
2. 20 SMA High;
3. 20 SMA Low;
4. 5 SMA High;
5. 5 SMA Low.

When to open long positions:

If 5 SMA High line is above 20 SMA High and the RSI (11) is above 65, a long position can be opened.

When to open short positions:

If 5 SMA High line is below 20 SMA Low and the RSI (11) is below 35, a short position can be opened.

However, if the length of the opening bar is twice the length of the previous bar, positions should not be opened.

Stop-loss: When opening long positions, stop-loss is placed at the level of 5 SMA Low. For short positions, stop-loss is placed at 5 SMA High.

When to exit: For long positions, take profits when the RSI (11) falls below 65. For short positions, take profits when the RSI (11) rises above 35.