Keltner Channels And CCI Forex Scalping Strategy
This is a comprehensive and profitable strategy. It can be used in a 15 minute timeframe and works in any currency pairs. This strategy’s main indicators are Keltner Channel and CCI.
This is a conservative method.
Forex Indicators:
- Keltner Channel (setting: MA period 20, MA mode 0, price mode 0, ATR Period 10, K2, ATR mode false);
- CCI (10 levels -100, +100).
Buy Entry:
- The price must close upper middle band.
- The price and CCI must break 100 level.
Sell Entry:
- The price must close upper middle band.
- The price and CCI break must 100 level.
Exit position:
- BUY: Profit Target is at 7-12 pips or upper band of Keltner Channel.
- Place stop loss at 10-12 pips below middle band.
- SELL: Profit Target is at 7-12 pips or lower band of Keltner Channel.
- Place stop loss at 3 pips above middle band.
Note: Do not enter if the price breaks upper or lower bands before of the CCI indicator breaks 100 or -100.
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