# Channels

A trading system based on the account balance and the result of the last trade, using channels formed by indicators with a period of 220.

Canonical: https://prismaticalgos.com/compendium/algo/6553-channels
Record ID: 6553
Catalog rank: 1132 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trade & Execution Management (K)
Source: https://www.mql5.com/en/code/19971
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

Opacity warnings: UNDEFINED ENTRY TERM: the entry conditions are prose naming a concept with no numeric definition, so two readers would implement them differently. Advisory only -- this does not affect the score.

## Recorded profile

- symbols: EURUSD
- timeframes: H1
- sessions: From hour - trading start hour; To hour - trading end hour
- market_regime: any

## Indicators

- Moving Average: {"period": 220}; applied to: close
- Envelope: {"period": 220}; applied to: close
- Envelope: {"period": 220}; applied to: close
- Envelope: {"period": 220}; applied to: close

## Recorded long-entry rules

- not explicitly stated

## Recorded short-entry rules

- not explicitly stated

## Recorded exit rules

- not explicitly stated

## Recorded filters

- Use trade hours - enable working hours

## Risk controls

- Stop loss: Stop Loss BUY (in pips)
- Take profit: Take Profit BUY (in pips)
- Position sizing: Lots - the volume of position to open