Keltner Channels And CCI Forex Scalping Strategy

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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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