Keltner Channels Scalping is trading system very easy and effective. This strategy is based on Keltner channel and exponential moving average.
Currency pairs: EUR/USD, AUD/USD, USD/CHF, USD/CAD, NZD/USD, GBP/USD.
Time Frame 5 min.
Sessions trading: all (Tokyo, London and New York).
Indicators:
Keltner channel setting ( period 15, level 1.0)
Exponential Moving Average ( 3 periods, close).
Trading Rules Keltner Channels Scalping
Buy
When EMA 3 cross upward the upper channel go long.
Sell
When EMA 3 cross downward the lower channel go short.
When there is a long bar enters the retracement of the price on the channel.
Exit position with predetermined profit target (6-9pips) or when the price come back into the channel.
In the pictures below the Keltner Channels scalping.
Keltner Channels Scalping
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Oleh
Piratebay
