KELTNER CHANNELS AND EMA This is forex scalping trading system based on the Keltner Channels. 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.
