5 min scalping with Keltern Channel

5 min scalping with Keltern Channel is a trend-volatility system for day trading.

This strategy is setting for 5 min and 15 min time frames.

Time frame 5 min -15 min

Currency pairs: EUR/USD, GBP/USD, USD/JPY, GBP/JPY.

Forex Indicators:

Keltner channel 40 period,

LWMA 5 periods, close.

MACD oscillator (12, 34, 12).

sessions: Lond and New York.

Trading rules 5 min scalping with Keltern Channel

Buy

Price close above the upper band.

LWMA 5 period crosses upward the Keltener channel

MACD histogram above 0 level.

Profit Target 7-10 pips.

Stop loss 3 pips below middle band.

Sell

Price close below the lower band.

LWMA 5 period crosses upward the Keltener Channel

MACD histogram below 0 level.

Profit Target 7-10 pips.

Stop loss 3 pips above middle band.

In the sideways market this trading system can generate false signals, when there are these days max three stop loss.

In chart trading examples of 5 min scalping with Keltern Channel