11# Keltner Channels and EMA
Keltner Channels
Submit by ForexStrategiesResources
This is forex scalping trading system based on the Keltner Channels.
Pairs:Major
Time frame: 5M.
Spread max:0,00015.
Price: Bar Chart.
Indicators:
Keltner Channels period 40;
EMA period 8;
Long entry position: when EMA is greater than market action >= upBand;
Short entry position: when EMA is less than market action <= dnBand;
Profit exit: close out for profit at a 5-12 pips.
Stop loss: at middle band or 9 pips loss.
In the picture below an example of the Keltner Channel indicator and EMA indicator forex scalping system in action.
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Extralex (Tuesday, 14 July 2015 19:01)
Incredible! Now test element and mixed with a small Martngale, showing wonderful results.
AHMAD (Friday, 26 June 2015 00:21)
HELLO CAN IT WORK ON CHART 15M AND WHAT ST AN TP
Venkat (Thursday, 07 May 2015 17:33)
yes absolutely agree... works on stocks also!!
ron carnel (Wednesday, 07 January 2015 20:44)
True...but don't forget to add other indicators or fib level to e more accurate :)
Robin (Wednesday, 24 December 2014 12:46)
Whats the width of the band?
Jorge (Friday, 27 September 2013 14:12)
One of the most simple and best strategies i have ever seen