Price Channel Breakout Strategy — Long & Short

This strategy is a dual-direction Price Channel breakout system designed for high-volatility indices such as US30, NAS100, and XAUUSD.
It enters long when price breaks above the highest high of the past N bars, and enters short when price breaks below the lowest low.

A key feature is the use of fixed dollar-based take-profit and stop-loss, making the strategy adaptive across symbols with different tick values.

Core Logic

Long entry when price breaks the N-bar high

Short entry when price breaks the N-bar low

Dollar-based TP and SL (converted to ticks automatically)

Suitable for trending and breakout-friendly markets

Backtest Notes (US30 Example)

Sharpe Ratio: 2.7

Profit Factor: 2.111

Total Return (12-month backtest): +46.89%

Max Drawdown: 0.26%

Trades: 3,666

This strategy performs well in sustained volatility environments and is particularly effective for intraday momentum bursts on US30.