: This is a comprehensive and profitable
strategy. It can be used in a 15 minute time frame and works in any currency
pairs. This strategy’s main indicators are Keltner Channel and CCI. This is a
conservative method. Metatrader
Indicators : - Keltner Channel
(setting: MA period 20, MA mode 0, price
mode 0, ATR Period 10, K2, ATR mode false) (14 period) - CCI (10 levels -100, +100) Long
Position Entry : 1. The price must close upper middle band.2. The price and CCI must break 100 level. Short
Position Entry : 1. The price must close upper middle band.2. The price and CCI must break
-100 level. Exit
Rules : - 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. How to install Files?- Download Keltner Channels And CCI.zip- Copy mq4 and ex4 files to your Metatrader
Directory / experts / indicators /- Copy tpl file (Template) to your Metatrader
Directory / templates /- Start or restart your Metatrader- Select Chart and Timeframe where you want
to test your forex strategy- Right click on your trading chart and hover
on “Template”- Move right to select Keltner Channels And
CCI Forex Scalping Strategy
- You will see Keltner Channels And CCI Forex
Scalping Strategy is available on your Chart
The two indicators we are going
to talk about here are found to be very well working when used side by side.
This Forex trading system is an another simple discovery; and hundreds of such
discoveries can be made when traders are there to learn and experiment.
Any currency pair and time frame can be used.
Indicators: Parabolic SAR default settings (0.02, 0.2), ADX
50 (with +DI, -DI lines) Entry rules: SELL When the +DI line is below the -DI line, and Parabolic
SAR gives sell signal. When the +DI line is above the -DI line, all Parabolic
sell signals must be ignored. Entry rules: BUY when the +DI line is above the -DI line, and Parabolic
SAR gives buy signal. When the +DI line is below the -DI line, all Parabolic
buy signals must be ignored. Exit rules: when +DI line and -DI lines have
crossed again. Advantages: allows filtering
entries and predicting good exits. Disadvantages: Both Parabolic SAR
and ADX are follow-up indicators. Although they complement each other very
effectively, the “weakest” in chain is ADX, because during trading it can give
one signal, but later change to the opposite. Once given a signal from ADX,
waiting for the current price bar to close to avoid such misleading is advised.
The Expert Advisor which uses the AO and AC indicators in its operation, which were proposed by the Bill Williams.The EA buys at green AO and AC, sells at red AO and AC. The market exit is performed when any of the indicators changes its color.It is recommended to use the indicator on the H4 timeframe.
This EA trades of on the M5, M15, M30 and H1 timeframes. It uses the BB, SAR and RSI of these timeframes to determine its entry point. Basically using Martingale system to cater to losing positions. Credit goes to the author of MultiLot Scalper and swb grid for the codes. Can be used on any time frame. Adjustable lotsize, amount of profit per row of order, Time zone and the like. Still need more modification though.- 2017.01.01 ~ 2017.05.31 EURUSD(M1) Test Result -