246# Bollinger Bands and Keltner channels

 

Bollinger Bands and Keltner Channels

Bollinger Band>Keltner channel

trending market

trending following strategyBollinger Bands (20; 2);

Keltener Channels (default);

MACD
(9; 12,26).

Long Entry

MACD
>0 and crosses up

Bollinger Bands (Upper band)>Keltner channels (upper band).

Short
Entry

MACD
<0 and crosses down

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Bollinger Bands (lower band)>Keltner channels (lower band).

 

Exit

Place
Stop loss 2 pips above or below middle
band.

Profit
Target ratio: 1:1 or fast
profit).

 

In the pictures Bollinger Bands and Keltner Channels
in action.

 

 

Share your opinion, can help everyone to understand the forex
strategy.

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window