Last Updated on May 12, 2025 by Tim Morris

Keltner Channel With Stochastic Forex Scalping Strategy

This is a scalping system that is based on Keltner channel and Stochastic indicator. This system is useful in a 15-minute timeframe or higher and works on any currency pairs.

Forex indicators:

• Keltener Channel indicator
• Stochastic indicator (28,5,3,) with Moving Average 10 period, and
• Bollinger Bands (10, deviation 1).

Long Entry:

• The price should be outside the Keltner bands.
• The stochastics should be outside the Bollinger bands and it must cross back up the middle of Bollinger Bands and must be below 35 level.
• Enter long trade when these 2 conditions are met.

Short Entry:

• The price should be outside the Keltner bands.
• The stochastics should be outside the Bollinger bands and it must cross the middle bands of the Bollinger and they must be above the 65 level.
• Enter short trade when these conditions are met.

Exit Position:

• Exit at the middle band of the Keltner.
• Quick target profit at 8-12 pips but it also depends on the currency pairs.
• Place initial stop loss 10 pips above or below entry bar.

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