368# Keltner Channel with Stochastic and Bollinger Bands Scalping System

Keltner Channel and Bollinger Bands Reversal forex trading system

 

Submit by Joy22 06/08/2013

 

 Time Frame 15 min or higher,

 Currency pairs: any.

 

Forex indicators:

 Keltenr Channel indicator

 Stochastic indicator (28,5,3,) with Moving Average 10 period, and Bollinger Bands (10, deviation1).

 

Long Entry

 

1)Price should be outside the Keltner bands

 2)Stochastics should be outside the bollinger bands and crossing back up the middle bands of Bollinger Bands but they should be below the 35 level.

 When these two conditions are met to open a position.

 

 Short Entry

 1)Price should be outside the Keltner bands

 2)Stochastics should be outside the bollinger bands and crossing back down the middle bands of Bollinger Bands but they should be above the 65 level.

 When these two conditions are met to open a position.

 

 Exit Position

 At the middle band of the Keltner channel or with fast profit target ( 8-12 pips depends by currency pairs).

 Place initial stop loss 10 pips above or below entry bar.


Keltner channel and Bollinger bands Reversal scalping system: Template and indicators

Keltner channel and Bollinger bands Reversal scalping system: Template and indicators
Keltner channel and Bollinger bands Reversal scalping system: Template and indicators
keltner channel and bollinger bands rev
compressed file archive 1.9 KB
Keltner Channel with Stochastic and Bollinger Bands Scalping System
Keltner Channel with Stochastic and Bollinger Bands Scalping System
Keltner Channel with Stochastic and Bollinger Bands Scalping System
Keltner Channel with Stochastic and Bollinger Bands Scalping System

 

Share your opinion, can help everyone to understand the Keltner Channel with Stochastic and Bollinger Bands Scalping System.

Write a comment

Comments: 1
  • #1

    YAROSLAV (Wednesday, 25 March 2015 16:12)

    it's really good strategy I won 8 positions from 10,but used it at turbobinaryoption,used timeframe 1 min with expiration 5min.for timeframe 15min or higher it's too long wait suitable position of stochastic and bulls or bears candle