Swing and Breakout System [ChuckBanger]

Dec 10, 2019

This is a swing trading script based on price action of a higher time frames. You should always select a higher time frame settings then what your chart you analyse have.

If the price is above the gray line (the breakout line) you should only take long positions and if price goes below you take short positions. The blue dotted lines is displaying the swing entry points and the targets is the yellow dotted lines.

The main trend is made by the gray line that is based on daily average of open and close. It is recommended to trade on 1h to 15m time frame if you have selected 1D settings, for small time frames you can select smaller than 1D.

The ”High/Low Channel, Bars Back” setting is for the blue and orange bands. 40 for example is the highest and lowest bars 40 bars back. ¤0 is OK for 1h and smaller time frames.

Dec 19, 2019

Release Notes

Added filter and adaptive trigger points