Author of the Idea: George F. Peskov, MQ5 Code Author: barabashkakvn.
If you’re looking to up your trading game, consider a system based on the Price Channel principle. Here’s how it works: signals to open positions are triggered on the second bar after the price breaks above or below the channel boundaries. This means that when the price hits the upper limit, it's time to go short (Sell), and when it touches the lower limit, that's your cue to go long (Buy). Keep your position open until you hit a stop level or get a closing signal. Don't forget to use a trailing stop to lock in those profits!
Now, a word of caution: during testing, some currency pairs didn’t yield positive results on certain timeframes, mainly due to drawdown percentages. This brings up an important point: you might need to tweak your market entry and exit rules, or reconsider using channel trading for those specific currencies on those timeframes.
EURUSD, M15:
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