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Keltner's channel | Foreign exchange EA download-MT4/MT5 resources

author EAcpu | 4 reads | 0 comments |
1. I look at the daily chart
2. I have a Keltner channel with the value set to 80 (changed on 20 Nov 2008 - before 20),
When price breaks out, I trade in that direction
3. I have SL wide as Keltners channel
4. I watch candle patterns, divergences, small fibers, and pivot points to get detailed entries
5. After the trade is established, I change the Keltners channel to 10 and complete the trade when the price closes above the channel in the opposite direction. From November 20, 2008 - I protect my profits by tracking or pivoting, TL, Fibonacci, EMA levels.
After backtracking I retyped.
6. The system can be continuous - there is no need to change the value of the Keltners channel when exiting - so the opposite trade can be opened on exit.

This system has been introduced in Murphy's Technical Analysis

I trade on mikro acc. According to the money management chart posted on oneeuro (ff member) www

I sometimes trade other currency pairs based on the same money management chart.

SL is also taken from there.
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