Breakdown Channel

Breakdown channel is a software for automated trading on the Forex market. The strategy is based on price action prediction by channel breakouts using 2 pairs of MA (2 LWMA and 2 EMA). MACD is used as the filter. H1 is used for trading.

Input Parameters:

• stop loss – the value of the order stop loss;
• take profit – the value of the order take profit;
• lots – lot size per one order;
• MA 1 – period of the first МА pair;
• MA 2 – period of the second МА pair;
• minimum breakout channel – the minimum channel breakout;
• maximum breakout channel – the maximum channel breakout;
• fast EMA MACD, slow EMA MACD, SMA MACD – parameters of the MACD indicator;
• border MACD – MACD borders;
• magic number – the magic number to distinguish EA's own orders.

Example of the parameters for the GBP/USD pair

• stop loss = 45
• take profit = 55
• MA 1 = 33
• MA 2 = 66
• minimum breakout channel = 10
• maximum breakout channel = 40
• fast EMA MACD =12
• slow EMA MACD = 26
• SMA MACD = 7
• border MACD = 0.0008