131# 5 min Keltner System

Keltner chanel forex system

Submit By Joy22 (Written by Paulus)


Time Frame min.

Currency Pairs: majors and Futures.

 

Indicators

Length 10
Times ATR 1

Stochastic
15.3.2Use signal line only ..Colour main line to ‘none’
15.3.3Set line at 80 and 20 or.

 



Short Entry

  1. Close of candle above top keltner line and signal line on stoch above 80

  2. Then I need a down bar with the signal line on stoch still above 80

  3. Enter

Long Entry

  1. Close of candle below bottom keltner line and signal line on stoch below 20

  2. Then I need an up bar with the signal line on stoch still below 20

  3. Enter

Exit
Move stop to break even if price touches middle K line (white)
Take profit if price touches top band line, again it flexible and up to you

Stops
Up to you… if going long it can be the low of the entry candle
Or any number of pips you prefer.

Kettner System
kelt system.rar
compressed file archive 1.5 KB

 

In the picture 5 min Keltner forex system in action.

 

 

Modified by Joy22

 

Stochastic:

15.3.3Set line at 85 and 15.

Add. Indicator Buy-Sell Alerts

Enter Long

Close of candle below bottom keltner line and signal line on stoch below 20

Then I need an up bar with the signal line on stoch still below 20 and appears dot (Buy-Sell alerts)

Enter Short

Close of candle above top keltner line and signal line on stoch above 80

Then I need a down bar with the signal line on stoch still above 80 and appears dot (Buy-Sell alerts)

see example

Metatrader Indicator Buy-Sell Alerts
Buy-Sell_Alerts.rar
compressed file archive 3.3 KB
Forex Indicator Keltner Channels
_My Keltner Channel.rar
compressed file archive 877 Bytes

 

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Comments: 1
  • #1

    Daniel (Thursday, 18 July 2013 20:51)

    When you set your target do you use the Keltner line price right as you enter or as price gets to the Keltner line after you enter and price has been moving for awhile?