KELTNER CHANNELS AND EMA

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.