131# 5 min Keltner System

Keltner chanel forex system

Submit By Joy22 (Written by Paulus)

Time Frame min.

Currency Pairs: majors and Futures.

 

Indicators

Length 10

Times ATR 1

Stochastic

15.3.2Use signal line only ..Colour main line to ‘none’

15.3.3Set line at 80 and 20 or.

 

Short Entry

Close of candle above top keltner line and signal line on stoch above 80

Then I need a down bar with the signal line on stoch still above 80.

 

Long Entry

Close of candle below bottom keltner line and signal line on stoch below 20

Then I need an up bar with the signal line on stoch still below 20.

Exit

Move stop to break even if price touches middle K line (white)

Take profit if price touches top band line, again it flexible and up to you

Stops

Up to you… if going long it can be the low of the entry candle

Or any number of pips you prefer.

 

In the picture 5 min Keltner forex system in action.

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Modified by Joy22

 

Stochastic:

15.3.3Set line at 85 and 15.

Add. Indicator Buy-Sell Alerts

Enter Long

Close of candle below bottom keltner line and signal line on stoch below 20

Then I need an up bar with the signal line on stoch still below 20 and appears dot (Buy-Sell alerts)

Enter Short

Close of candle above top keltner line and signal line on stoch above 80

Then I need a down bar with the signal line on stoch still above 80 and appears dot (Buy-Sell alerts)

see example

Write a comment

Comments: 1
  • #1

    Daniel (Thursday, 18 July 2013 20:51)

    When you set your target do you use the Keltner line price right as you enter or as price gets to the Keltner line after you enter and price has been moving for awhile?

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