305# Scalping System with Keltner Channel and CCI.

Keltner Channel Scalping

Submit by Saivenkat3 20/03/2013 (written by Joy22)

Time Frame 15 min.

Currency pairs:any.

Keltner Channel (setting: MA period 20, MA mode 0, price mode 0, ATR Period 10, K2, ATR mode false);

CCI (10 levels -100, +100).

This strategy is very simple. I like things simple and clear.

Buy

The price close upper midle band the price and CCI breaks 100 level.

Sell

The price close upper midle band the price and CCI breaks 100 level.

Exit position :

for buy with Profit Target 7-12 pips or upper band of Keltner Channel.

Stop loss 10-12 pips below middle band;

for sell Profit Target 7-12 pips or lower band of Keltner Channel.

Stop loss 3 pips above middle band;

Note: Do not Entry if the price Breaks uppper or lover bands before of the CCI indicatot breaks 100 or -100. This is conservative trading method.

This Scalping System is very profitable see picture.

In the picture below Scalping System with Keltner Channel and CCI in action.

Happy Trading

See picture

Share your opinion, can help everyone to understand the forex strategy.

Comments: 2

#2
Jason (Tuesday, 29 December 2020 04:18)

I just backtested on my GU15 chart. Wow it's very simple and accurate. I would set SL for previous high or low or 30 pips for a very high win percentage.
#1
sam delacy (Friday, 19 July 2013 16:08)

Do you mean sell when price closes in lower half of channel as opposed to 'upper middle band', also you say price must also close above 100 as well as the cci. is this a mistake? surely price closes at any price and finally for sell cci must break 100 or -100, as cci will not be above 100 if price is in lower half of band.