Keltner’s 101,000 Channels is a popular technical analysis tool. However, effective trading requires the skills to build and use them in trade. And you can do it differently. To do this, you need to download and install in MT4 seksoratorreaby Eraser on Keltner. At the heart of his algorithm are Keltner’s channels. In addition, the indicator takes into account the readings of moving averages and ATR. Signals are created by the results of an analysis of the market situation. It is enough for the trader to follow the appearance of signals and open trading orders. I would like to warn you that this indicator cannot be considered universal because it is intended to trade on certain currency pairs: eurippy, gbpusd, gbpjpy, as well as eurcad and usdcad. On charts of other currency pairs, this indicator simply won’t work. Before you start trading, you need to familiarize yourself with its settings.
Indicator parameters
For starters, you must specify in the settings on which currency pairs or pairs will be traded. There is only an option for this. Then specify the working option TF – time frames. Slow and Mode are periods of fast and slow MA. With mode and price, we select the type of MA and the price to be used in the calculation. ATR-Period and ATR-Koef – ATR period and ratio. And finally the last option is Show-Keltner. It can be used to allow or prohibit the display of a Keltner channel in a chart.
Trading Application Indicator
If you look at the chart, you can easily understand how this profitable indicator is to be used in trading. Focusing on the arrows. If you have a white arrow, you can open a buy order. If you see a red arrow, we open a sales offer. However, I would like to remind you that there are no grail indicators. Some signals are certainly false. To reduce the percentage of failed transactions, you need to raise a different rate. And if there are signals in the same direction on both indicators, the probability of closing the order with a profit will increase. In any case, it is necessary to limit the amount of possible loss by means of stop-loss. This work can and should be done in a demo account. And an additional indicator can be found on my blog if it Needed. Download link: Eraser_on_Keltner.zip Inga Fedorova 101 001 25.11.2020 Record profitability rate based on keltner channel first magazine appeared for Forex Traders forex-for-you.ru.