Pairs:Major
Time frame: 5M.
Spread max:0,00015.
Price: Bar Chart.
Indicators:
Keltner Channels period 40;
EMA period 8;
Long entry position: when EMA is greater than market action >= upBand;
Short entry position: when EMA is less than market action <= dnBand;
Profit exit: close out for profit at a 5-12 pips.
Stop loss: at middle band or 9 pips loss.
In the picture below an example of the Keltner Channel indicator and EMA indicator forex
scalping system in action.
Keltner Channels Trading System
Download:
Keltner Channels.zip
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