Keltner Channels and EMA Scalping Trading System strategy

Trading Strategies 0 1,918


Summary : 

Keltner Channels and EMA Scalping Trading System strategy based on the Keltner Channels.

 

Metatrader Indicators : 

- Keltner Channels (Period : 40)

- EMA (period 8)

 

Trading Conditions

 - Chart Timeframe : 5 Minute.

 - Currency Pairs : Major pairs.

- Max Spread : 0.00015 (1.5 pips)

 

Long Position Entry : 

1.     When EMA is greater than Keltner Channels Upper band.

 

Short Position Entry : 

1.     When EMA is less than Keltner Channels Lower band.

 

Exit Rules : 

- Profit Exit : Profit Target is at 5 ~ 12 pips.

- Stop loss Option 1 : Touch Middle bands.

- Stop loss Option 2 : at 9 pips.

 

How to install Files?

- Download keltner channels and ema.zip

- 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 ema

- You will see Keltner Channels and EMA Scalping Trading System strategy is available on your Chart

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