368# Keltner Channel with Stochastic and Bollinger Bands Scalping System
Keltner Channel and Bollinger Bands Reversal forex trading system
Submit by Joy22 06/08/2013
Time Frame 15 min or higher,
Currency pairs: any.
Keltenr Channel indicator
Stochastic indicator (28,5,3,) with Moving Average 10 period, and Bollinger Bands (10, deviation1).
Long Entry
1)Price should be outside the Keltner bands
2)Stochastics should be outside the bollinger bands and crossing back up the middle bands of Bollinger Bands but they should be below the 35 level.
When these two conditions are met to open a position.
Short Entry
1)Price should be outside the Keltner bands
2)Stochastics should be outside the bollinger bands and crossing back down the middle bands of Bollinger Bands but they should be above the 65 level.
When these two conditions are met to open a position.
Exit Position
At the middle band of the Keltner channel or with fast profit target ( 8-12 pips depends by currency pairs).
Place initial stop loss 10 pips above or below entry bar.
Keltner channel and Bollinger bands Reversal scalping system: Template and indicators
Share your opinion, can help everyone to understand the Keltner Channel with Stochastic and Bollinger Bands Scalping System.
will (Tuesday, 26 April 2022 22:34)
thank you it s the best
Mario (Sunday, 17 September 2017 11:27)
Another great and impressive trading system.
Thanks for Share
YAROSLAV (Wednesday, 25 March 2015 16:12)
it's really good strategy I won 8 positions from 10,but used it at turbobinaryoption,used timeframe 1 min with expiration 5min.for timeframe 15min or higher it's too long wait suitable position of stochastic and bulls or bears candle