Forex BB Keltner Scalping Strategy
Forex BB Keltner Scalping Strategy:
When Bollinger bands are > Keltner channels the market is trending.
Bollinger Band>Keltner channel
trending market
trending following strategy
Bollinger Bands (20; 2);
Keltener Channels (default);
MACD (9; 12,26).
Long Entry
MACD >0 and crosses up
Bollinger Bands (Upper band)>Keltner channels (upper band).
Short Entry
MACD <0 and crosses down
Bollinger Bands (lower band)>Keltner channels (lower band).
Exit
Place Stop loss 2 pips above or below middle band.
Profit Target ratio: 1:1 or fast profit).
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex BB Keltner Scalping Strategy?
- Download Forex BB Keltner Scalping Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex BB Keltner Scalping Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
