Keltner Channel Reversal Forex Scalping Strategy

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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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