558# Keltner Channel Intraday
Submit by Alienfx 27/12/2016
Keltner Channel Intraday is a clean and simple template for trading. This strategy is trend following. It's based on keltner channel indicator and deep bar a medium trend filter, this combination can generates gain. Open four – six charts and apply the template, you find the best trading conditions. The best conditions are the markets in trend.
Time frame 5 min or higher.
Financial markets: majors.
Keltner Channe F1 (Ma period 14, ma mode, 3, Atr period 21, k=0,628);
Deep Bar indicator (20 period, deviation ) as filter.
Trading Rules Keltner Channel Intraday
Blue Star of the keltner Channel Indicator.
Deep bar dodger blue color.
Gold Star of the keltner Channel Indicator.
Deep bar red color.
Exit position at the opposite star or make profit at the level of the pivot points.
Initial stop loss at the previous swing high/low.
AdVantage of this trading system is that works great in trend.
Disadvantage this system can generate false signals in sideways market.
In the pictures Keltner Channel Intraday in action.