# Parallel Channel Breakout System

Detects parallel channels based on swing points and confirms breakouts dynamically.

Canonical: https://prismaticalgos.com/compendium/algo/267-parallel-channel-breakout-system
Record ID: 267
Catalog rank: 766 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trend Following & Directional (A)
Source: https://www.mql5.com/en/articles/21443
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: any
- timeframes: any
- sessions: any
- market_regime: any

## Indicators

No indicator stack recorded.

## Recorded long-entry rules

- price closes above the upper channel line

## Recorded short-entry rules

- price closes below the lower channel line

## Recorded exit rules

- not explicitly stated in the text

## Recorded filters

- ATR-based swing filtering
- touch frequency
- recency
- volatility conditions

## Risk controls

- Stop loss: not explicitly stated in the text
- Take profit: not explicitly stated in the text
- Position sizing: not explicitly stated in the text