11# Keltner Channels and EMA
Submit by ForexStrategiesResources
This is forex scalping trading system based on the Keltner Channels.
Time frame: 5M.
Price: Bar Chart.
Keltner Channels period 40;
EMA period 8;
Long entry position: when EMA is greater than market action >= upBand;
Short entry position: when EMA is less than market action <= dnBand;
Profit exit: close out for profit at a 5-12 pips.
Stop loss: at middle band or 9 pips loss.
In the picture below an example of the Keltner Channel indicator and EMA indicator forex scalping system in action.
Share your opinion, can help everyone to understand the forex strategy.
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Walddo (Thursday, 17 February 2022 01:27)
Absolutely brilliant. Thank you!
Luzviminda (Monday, 06 November 2017 06:44)
Where can I find a scalping EA on 1 minute chart?
Sam (Friday, 05 February 2016 10:25)
Hi, thanks for making trading forex and binary option easier. Please can I get Derivative Oscillator from you. Here is my email. firstname.lastname@example.org. thanks.
Extralex (Tuesday, 14 July 2015 19:01)
Incredible! Now test element and mixed with a small Martngale, showing wonderful results.
AHMAD (Friday, 26 June 2015 00:21)
HELLO CAN IT WORK ON CHART 15M AND WHAT ST AN TP
Venkat (Thursday, 07 May 2015 17:33)
yes absolutely agree... works on stocks also!!
ron carnel (Wednesday, 07 January 2015 20:44)
True...but don't forget to add other indicators or fib level to e more accurate :)
Robin (Wednesday, 24 December 2014 12:46)
Whats the width of the band?
Jorge (Friday, 27 September 2013 14:12)
One of the most simple and best strategies i have ever seen