393# Double Keltner ATR Bands Scalping System
Keltner Channel forex scalping system
Submit by Orazio 02/11/2013
This is a forex strategy professional that I decided to share.
Double Keltner ATR Bands Scalping System is based on Keltner ATR band Indicator.
This scalping System is an reversal forex strategy.
Time Frame 15 min or higher.
Currency pairs:any.
This forex scalping strategy works very well from 17:00 PM GMT to 8:00 AM GMT.
Forex indicators:
Keltner ATR Band (MA period 50, ATR Multiplier 3.75);
Keltner ATR Band (MA period 50, ATR Multiplier 2.75);
Stochastic oscillator (14, 3,3, overbought above level 80, oversold below 20 level).
Rules for Double Keltner ATR Bands Scalping System
Sell
After that the close of candle above top keltner atr band, wait the reversal of the price, with a down bar close into the channel and stochastic indicator crosses downward.
Buy
after that the close of candle below bottom keltner atr band, wait the reversal of the price, with a up bar close into the channel and stochastic indicator crosses upward.
Note: Max two trades reversal: after the close of candle above top keltner atr band and after the close of candle below bottom keltner atr band.
Exit position
Profit Target ratio 1:1 stop loss , if stop loss is 10 pips profit target is 10 pips, or, fast profit target.
Initial stop loss 8 pips above or below the entry bar.
The main difficulty of this forex strategy is the management of stop loss as in all the forex strategies inversion.
Double Keltner ATR Bands Scalping System Template
