Keltner Channel Reversal Forex Scalping Strategy
This system is using a keltner channel indicator to detect a good entry. This works on a 15 minute timeframe or higher. This is useful in any currency pairs. There are also other indicators used in this system to assist the main indicator.
Metatrader Indicators:
- Keltner Channels,
- Lucky Star V.2.
Short Entry:
- The price must break the upper band.
- Wait red bar of the Lucky Star V.2.
- Sell at open of the next bar.
Long Entry:
- The price must break the lower band.
- Wait blue bar of the LuckyStar V.2.
- Buy at open of the next bar.
Exit Position:
- Take profit at 8-12 pips depending on the currency pairs or middle bands of the keltner channels.
- Place stop loss 3 pips below or above the entry bar.
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