Keltner Channels and EMA

This is forex scalping trading system based on the Keltner Channels.

• Pairs:Major

Time frame:

• 5M.
• Spread max:0,00015.
• Price: Bar Chart.

Indicators:

• Keltner Channels period 40;
• EMA period 8;

Long entry position:

• when EMA is greater than market action >= upBand;

Short entry position:

• when EMA is less than market action <= dnBand;

 Profit exit:

• close out for profit at a 5-12 pips.

Stop loss:

• at middle band or 9 pips loss.

In the picture below an example of the Keltner Channel indicator and EMA indicator forex scalping system in action.