If you are trading 'inside the channel' so trade on the direction of the channel. Especially if H4/D1 timeframe. If the channel is on uptrend so buy orders, from one border of the channel to the other one and so on...

As to M5 channel system

channelM51005.jpg

so I am using Maksigen indicators just for confirmation and to know in the morning: will I trade today or not. There is width of the channel. If less than 25 for example (for EURUSD) so I am not trading. So, I am not trading some day (and I want to know it in the early mornng just to plan my daily activity during the coming day) if:
- width of the channel is too small;
- blue/red dotted horizontal lines are too far from the price;
- price is going in opposite way with the direction of the channel;
- choppy market with D1 and/or W1 and/or H4 timeframes with Ichimoku indicator. How to know choppy? If price is mainly inside the cloud and cloud is width enough - choppy market condition. Just attach Ichimoku indicator with default settings changing Chinkou Span line to white color:

channelM51005_chinkouspan.jpg

and if this white line crossed the price (on the closed bar) so it is most strong trend started. Plus Tenkan-sen and Kijun-sen lines are crossing (less strong signal). Plus price is above or below the cloud. Plus price is crossing the borders of the cloud (least strong signal). And there are some combination of the signals. Plus borders of the cloud is support/resistance lines. Plus cloud is drawing to the future (future bars are re-painting - future bars only, other bars are not repainting) so we may have some imagination about future support/resistance and future direction. Plus if cloud changed the color in the future so it means that the price may be changed the direction in this future day ...