Keltner Channel Reversal Trading is a trading system based on the oscillations of the price out of the bands. This is a bands momentum strategy. This trading system is easy based only on two indicators the keltner channel and slow stochastic oscillator.
Time Frame 15 min or higher.
Currency pairs: EUR/USD, USD/JPY, USD/CHF, EUR/CHF, GBP/USD, GBP/JPY, AYD/USD, NZD/USD, AUD/JPY, EUR/GBP, EURJPY, EUR/AUD, EUR/NZA.
Forex Indicators setting:
Keltners Channel 10 periods, close.
Slow Stochastic Oscillator (21,6, 6) ma method linear weighted. close, levels (85 -15).
Trading Rules Keltner Channel Reversal Trading
Buy
When the price close out of the lower band of the Keltner Channel for entry wait that the slow stochastic crosses upward and It's above the 15 level.
Place initial stop loss on the previous swing low.
Make profit options: with predetermined profit target, at the bands of the Keltner channel or when slow stochastic go at 85 level.
Sell
When the price close out of the upper band of the Keltner Channel for entry wait that the slow stochastic crosses downward and It's below the 85 level.
Place initial stop loss on the previous swing high.
Make profit options: with predetermined profit target, at the bands of the Keltner channel or when slow stochastic go at 15 level.
This system has a good profittability.
0 Response to "Keltner Channel Reversal Trading"
Post a Comment