That’s a currency trading technique legit that I decided to share.
Double Keltner ATR Bands Scalping Manner is in line with Keltner ATR band Indicator.
This scalping Technique is an reversal foreign exchange procedure.
Time Frame 15 min or bigger.
Foreign money pairs:any.
This currency trading scalping technique works alright from 17:00 PM GMT to eight:00 AM GMT.
Keltner ATR Band (MA period 50, ATR Multiplier 3.seventy five);
Keltner ATR Band (MA length 50, ATR Multiplier 2.seventy five);
Stochastic oscillator (14, 3,3, overbought above stage eighty, oversold less than 20 degree).
Policies for Double Keltner ATR Bands Scalping System
After that the shut of candle above precise keltner atr band, wait the reversal of the price, with a down bar shut into the channel and stochastic indicator crosses downward.
after that the shut of candle lower than backside keltner atr band, wait the reversal of the cost, with a up bar close into the channel and stochastic indicator crosses upward.
Word: Max two trades reversal: after the shut of candle above true keltner atr band and after the close of candle less than bottom keltner atr band.
Earnings Target ratio 1:1 give up loss , if stop loss is 10 pips earnings target is 10 pips, or, rapid income target.
Initial stop loss 8 pips above or less than the entry bar.
The main situation of this foreign exchange procedure is the administration of cease loss as in your entire currency trading strategies inversion.