An example of an channel breakout trading system

The Price Channel is a simple breakout system. As with all trend following trading systems, the price channel works well in up trends or down trends, but doesn't work well in a sideways channel.

Rules:
Buy on a highest high.
Sell on the lowest low.

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#A simple Channel breakout system
if (not Position) {
  #Buy on the open if today is the highest high of the last 15 bars
  BuyOpen if Today(Highest(High,15))==Today(High);
}
else {
  #Sell on the open if today is the lowest low of the last 15 bars
  SellOpen if Today(Lowest(Low,15))==Today(Low);
}