Keltner channel strategy




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Keltner channel strategyKeltner Channel Strategy

Really easy strategy which you can master with just the basic knowledge. It provides really good risk / reward output and Keltner Channel Strategy gets really high winning rate.

TimeFrame: 5 min

Symbol: any major currency preferred EURUSD, GBPUSD

Risk: MAX 2% of account equity per order

Indicators:

Keltner Channels Indicator set to 40 Periods

Exponential Moving Average set to 8 periods

Keltner Channel Strategy Overview:

When you have the chart setup with Keltner Channel Indicator and Exponential Moving Average you are all set to go. You should use this strategy only on 5min timeframe. As well as you should have a good Broker with really small spreads like HotForex. Once you are all set you watch the market and wait for the EMA to be inside the Keltner Channel. Now you wait for the PA (Price Action) to move outside the Channel and then wait for EMA to break the Keltner Channel which should happen right after PA. Once EMA has broken the channel you should SELL (if channel is broken downside) and you should BUY (if channel has broken to upside).