246# Bollinger Bands and Keltner Channels

Submit by Jeff 17/10/2010

 

When Bollinger bands are > Keltner channels the market is trending.

 

Bollinger Band>Keltner channel

trending market

trending following strategy

 

Bollinger Bands (20; 2);

Keltener Channels (default);

MACD (9; 12,26).

 

Long Entry

MACD >0 and crosses up

Bollinger Bands (Upper band)>Keltner channels (upper band).

 

 Short Entry

MACD <0 and crosses down

Bollinger Bands (lower band)>Keltner channels (lower band).

 


Exit

Place Stop loss 2 pips above or below middle band.

Profit Target ratio: 1:1 or fast profit).

 


 

In the pictures Bollinger Bands and Keltner Channels in action.

Bollinger Bands and Keltner Channels trend trading system template
Bollinger Bands and Keltner Channels trend trading system template and indicators
bb keltener trend.rar
compressed file archive 739 Bytes
MACD 2005 - David W Thomas
MACD 2005 - David W Thomas forex signal
MACD 2005 - David W Thomas.rar
compressed file archive 1024 Bytes
Keltner Channel V1
Setting value default.
KeltnerChannel_v1.rar
compressed file archive 901 Bytes

 

Share your opinion, can help everyone to understand the forex strategy.

Comments: 2
  • #2

    Forextradingstrategiesresources (Sunday, 25 August 2013 21:17)

    Keltner Channel V1
    coded by Gilani www.mql4.com

    Default value

    MA_PERIOD = 20;
    MA_MODE = 0;
    PRICE_MODE = 5;
    ATR_PERIOD = 10; K = 2.0;
    ATR_MODE = false;

    Admin

  • #1

    asaens (Sunday, 25 August 2013 20:50)

    Keltner channel settings are:
    MA period = ?
    ATR period = ?
    K = ?
    etcetera