329# Keltner Channels Reversal Scalping System

Keltner Channels with Lucky Star 2

Submit by Joy22 29/02/2013

 

Rules for Keltner Channels Reversal Scalping.

Time Frame 15min, or higher.

Currency pairs:any.

 

Metatrader Indicators:

Keltner Channels,

LuckyStar V.2.

 

Short Entry

When the price breaks upper band wait red bar of the LuckyStar V.2 and sell at open of the next bar.

 

Long Entry

When the price breaks lower band wait blue bar of the LuckyStar V.2 and buy at open of the next bar.

 

Exit Position:

profit target 8-12 depend by currency pairs or middle bands of the keltner channels;

stop loss 3 pips below or above the entry bar.

 

keltner channels reversal scalping system

keltner channels reversal scalping system
keltner channels reversal trading system.Keltner channel is a technical analysis indicator showing a central moving average line plus channel lines at a distance above and below.
keltner channels reversal scalping syste
compressed file archive 7.8 KB

 

In the pictures below keltner channels reversal scalping system in action.

keltner channels reversal scalping system
keltner channels reversal scalping system
keltner channels reversal scalping system
keltner channels reversal scalping system

 

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Comments: 4
  • #1

    Troy (Tuesday, 21 January 2014 16:07)

    The bars and stars repaint a lot...

  • #2

    damber (Tuesday, 11 February 2014 11:43)

    The worst indicator ever seen. It doesn't repaint immediatly but if forecast is not according with market and you close and reopen immediatly MT4 platform all indicators are changed.
    Very dangerous. Only fo loosing money

  • #3

    current (Friday, 09 January 2015 15:07)

    ic2r - draws

  • #4

    worse trader (Monday, 07 September 2015 23:32)

    does lucky star repaints? where can i get the code?

Keltner Channels Forex Strategies