107# Keltener Channel and Bollinger Bands Reversal Trading System
Bollinger Bands and Keltner Channel Forex Trading System
Submit by Joy22 26/08/2013
This is a Reversal Trading System based on Bollinger Bands, Keltner Channel.
Time Frame 30 min or higher.
Markets:any.
Forex Indicators with setting:
Keltner Channel (10 period)
Rules for Keltener Channel and Bollinger Bands Reversal Trading System
Buy
When the price broken and the price of the bar close below lower Bollinger Bands and lower Keltner channel, wait, that the price to retrace above the lower Keltner channel and the price close bar above the lower Keltner channel, after, buy at open next bar.
Sell
When the price broken and the price of the bar close above upper Bollinger Bands and upper Keltner channel, wait, that the price to retrace below the upper Keltner Channel and the price close bar below the upper Keltner channel, after, sell at open next bar.
Exit position
With fast profit target predetermined;
At midde band of The Keltner Channel or at the middle band of Bollinger Bands.
Initial Stop Loss at the previous Swing.
Keltener Channel and Bollinger Bands Reversal Trading System:Template
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asaens (Sunday, 25 August 2013 20:13)
Forgot to include Keltener Channel indicator