Forex Keltner Channel BB Reversal Trading Strategy
Forex Keltner Channel BB Reversal Trading Strategy:
This is a Reversal Trading System based on Bollinger Bands, Keltner Channel.
Time Frame 30 min or higher.
Forex Indicators with setting:
Bollinger Bands (20, 2);
Keltner Channel (10 period)
Rules for Keltener Channel and Bollinger Bands Reversal Trading System
When the price broken and the price of the bar close below lower Bollinger Bands and lowerKeltner channel, wait, that the price to retrace above the lower Keltner channel and the price close bar above the lower Keltner channel, after, buy at open next bar.
When the price broken and the price of the bar close above upper Bollinger Bands and upper Keltner channel, wait, that the price to retrace below the upper Keltner Channel and the price close bar below the upper Keltner channel, after, sell at open next bar.
With fast profit target predetermined;
At midde band of The Keltner Channel or at the middle band of Bollinger Bands.
Initial Stop Loss at the previous Swing.
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 Keltner Channel BB Reversal Trading Strategy?
- Download Forex Keltner Channel BB Reversal Trading 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 Keltner Channel BB Reversal Trading 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”.