393# Double Keltner ATR Bands Scalping System

Keltner Channel forex scalping system

 

Submit by Orazio 02/11/2013

 

This is a  forex strategy professional that I decided to share.

Double Keltner ATR Bands Scalping System is based on Keltner ATR band Indicator.

This scalping System is an reversal forex strategy.

 

Time Frame 15 min or higher.

Currency pairs:any.

This forex scalping strategy works very well from 17:00 PM GMT to 8:00 AM GMT.

 

Forex indicators:

 

Keltner ATR Band (MA period 50, ATR Multiplier 3.75);

Keltner ATR Band (MA period 50, ATR Multiplier 2.75);

Stochastic oscillator (14, 3,3, overbought above level 80, oversold below 20 level).

 

Rules for Double Keltner ATR Bands Scalping System

 

Sell

After that the close of candle above top keltner atr band, wait the reversal of the price, with a down bar close into the channel and stochastic indicator crosses downward.

 

Buy

after that the close of candle below bottom keltner atr band, wait the reversal of the price, with a up bar close into the channel and stochastic indicator crosses upward.

 

Note: Max two trades reversal: after the close of candle above top keltner atr band and after the close of candle below bottom keltner atr band.

Exit position

 

Profit Target ratio 1:1 stop loss , if stop loss is 10 pips profit target is 10 pips, or, fast profit target.

 

Initial stop loss 8 pips above or below the entry bar.

 

The main difficulty of this forex strategy is the management of stop loss as in all the forex strategies inversion.

 

Keltner ATR Band indicator
Keltner ATR Band indicator
Keltner_ATR_Band mt4.rar
compressed file archive 4.4 KB

Double Keltner ATR Bands Scalping System Template

Double Keltner ATR Bands Scalping System Template
Double Keltner ATR Bands Scalping System Template
double keltner atr bands scalping system
compressed file archive 950 Bytes

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