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.
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