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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
5 min scalping with Keltern Channel

5 min scalping with Keltern Channel

5 min scalping with Keltern Channel

5 min scalping with Keltern Channel Reviewed by learn forex trading on June 25, 2017 Rating: 5

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