Xivali came up with this strategy and I'd like to back test it with a little different spin with an EA. Manual backtesting shows good results. What makes this strategy work is that it cuts losses short and lets winners run. On a 15M (time frame adjustable)chart place a 50 Simple MA (high) and a 50 Simple MA (low) to form the channel. Buy the first candle that opens and closes above the channel. Close the trade the next time price closes inside the channel or hits the opposite channel wall, which ever comes first. Reverse strategy for sells. A filter that would not allow trades to open too far from the channel might be a good idea. See post #6. Please program so that trade doesn't initiate immediately after placing EA on the chart. Have it wait for the next channel crossing. Any takers for writing the code? thank you