Five Minute Keltner Trading System
This system is best in a 5 minute chart. You can use this system in all major currency pairs and futures.
Forex Indicators:
- Length 10
- Times ATR 1
- Stochastic
Use signal line only, Colour main line to ‘none’
Set line at 80 and 20 or.
For Short Entry:
- Candle must close above keltner line and signal line on stich must be above 80.
- Down bar must be seen with the signal line on stoch still above 80.
For Long Entry:
- Candle must close at the bottom of the keltner line and signal on stoch must be below 20.
- Up bar must be seen with the signal line on stoch below 20.
To Exit position, move stop to break even if price touches middle K line (white)
Take profit if price touches top band line, again it flexible and up to you
Stops loss
Set stop loss below the entry candle if you are going long or it depend on you.
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