We present a conceptual design and detailed GEANT4 simulation of a helical ionization cooling channel proposed by Ya. Derbenev, which is able to cool in 3 dimensions (3-D). The lattice of the channel consists of a long solenoid (B=5 T, L=72 m, R=70 cm) and a transverse dipole magnetic field which rotates with a period of 1.8 m and an amplitude of 0.3 T. The cooling is achieved using lithium hydride wedge absorbers. Re-acceleration is performed by 201.25 MHz RF cavities which provide a 6.2 MeV per cooling cell. The parameters of the muon beam at the end of the channel are: transmission 85%, transverse and longitudinal emittances 0.6 cm and 2 cm, respectively.