Keltner Channels And CCI Forex Scalping Strategy

System Trading 0 2,467



Summary : 

This is a comprehensive and profitable strategy. It can be used in a 15 minute time frame and works in any currency pairs. This strategy’s main indicators are Keltner Channel and CCI. This is a conservative method.

 

Metatrader Indicators : 

 -  Keltner Channel
 (setting: MA period 20, MA mode 0, price mode 0, ATR Period 10, K2, ATR mode false) (14 period)

 - CCI (10 levels -100, +100)

 

Long Position Entry : 

1.     The price must close upper middle band.

2.     The price and CCI must break 100 level.

 

Short Position Entry : 

1.     The price must close upper middle band.

2.      The price and CCI must break -100 level.

 

Exit Rules : 

- BUY: Profit Target is at 7-12 pips or upper band of Keltner Channel.

- Place stop loss at 10-12 pips below middle band.

- SELL: Profit Target is at 7-12 pips or lower band of Keltner Channel.

- Place stop loss at 3 pips above middle band.

 

How to install Files?

- Download Keltner Channels And CCI.zip

- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /

- Copy tpl file (Template) to your Metatrader Directory / templates /

- Start or restart your Metatrader

- Select Chart and Timeframe where you want to test your forex strategy

- Right click on your trading chart and hover on “Template”

- Move right to select Keltner Channels And CCI Forex Scalping Strategy

- You will see Keltner Channels And CCI Forex Scalping Strategy is available on your Chart

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