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Keltner Channels Scalping

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

Keltner Channels Scalping













Keltner Channels Scalping Reviewed by learn forex trading on December 26, 2015 Rating: 5

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