Autotrend Channel Forex Support and Resistance

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Autotrend Channel Forex Support and Resistance

This Trading System is trend following. and is determined by autotrend channel. Use this system on a 30 minute tomeframe or higher.
This is applicable to any currency pairs.

Forex Indicators:

  • Spud Stochastic: ( composed by 19 Stochastic indicators);
  • Autrend Channel (setting 30 min , 60 min: 24 hours- 240 min 60 hours- daily 336 hours) (This setting is the heart of the trading system: the secret);
  • Fib Pivot 3 (only for intraday trading wit time frame 30 min and 60 min).
  • Swing Arrow.

Buy Entry:

  • AutoTrend Channel in up trend.
  • lines Spud Stochastics is greater than 50 or 76.
  • Open long position at the open next bar after a buy swing arrow.

Sell Entry:

  • AutoTrend Channel in down trend.
  • lines blue Stochastics indicators is less than 50 or 23.
  • Open short position at the open next bar after a sell swing arrow.

Exit position:

  • At the oppoosite arrow.
  • Intraday Trading Fibo pivot is the good Profit Target.
  • 25-30 pips profit target
  • Swing Trading Profit Target Predetermined by time frame and currency pairs.
  • Ratio 1.3 Stop loss.
  • Initial Stop loss on the previous swing:
  • for intraday trading after 18 pips in gain move stop loss at the entry price;
  • for swing trading after ratio 1:1 move stop loss at the entry price.

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