107# Keltener Channel and Bollinger Bands Reversal Trading System

Bollinger Bands and Keltner Channel Forex Trading System

 

Submit by Joy22  26/08/2013

 

This is a Reversal Trading System based on Bollinger Bands, Keltner Channel.

 

Time Frame 30 min or higher.

Markets:any.

 

Forex Indicators with setting:

Bollinger Bands (20, 2);

Keltner Channel (10 period)

 

Rules for Keltener Channel and Bollinger Bands Reversal Trading System

 

Buy

When the price broken and the price of the bar close below lower Bollinger Bands and lower Keltner channel, wait, that the price to retrace above the lower Keltner channel and the price close bar above the lower Keltner channel, after, buy at open next bar.

 

 

Sell

When the price broken and the price of the bar close above upper Bollinger Bands and upper Keltner channel, wait, that the price to retrace below the upper Keltner Channel and the price close bar below the upper Keltner channel, after, sell at open next bar.

 

Exit position

With fast profit target predetermined;

At midde band of The Keltner Channel or at the middle band of Bollinger Bands.

Initial Stop Loss at the previous Swing.

Keltener Channel and Bollinger Bands Reversal Trading System:Template

Keltener Channel and Bollinger Bands Reversal Trading System
Keltener Channel and Bollinger Bands Reversal Trading System:Template
keltner channel and bollinger bands.rar
compressed file archive 632 Bytes
Kelner channels
Kelner channels coded by Gilani www.mql4.com (setting only period 10).
Keltner Channels.rar
compressed file archive 4.2 KB
Keltener Channel and Bollinger Bands Reversal Trading System
Keltener Channel and Bollinger Bands Reversal Trading System
Keltener Channel and Bollinger Bands Reversal Trading System
Keltener Channel and Bollinger Bands Reversal Trading System

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Comments: 1
  • #1

    asaens (Sunday, 25 August 2013 20:13)

    Forgot to include Keltener Channel indicator

Trading System Reversal