Keltner Channels Reversal Binary System For MT4
The Keltner Channels Reversal Binary System For MT4 professional channel based trading system. This system has gained huge popularity within the retail traders as it creates a unique way to trade the reversal.
We all know reversal trading is very risky. But if things are done in the correct order and trades are taken by utilizing the efficient tools, it is an easy task to boost up the profit potential at trading. Short term trend indicator, SHI Trend Signaler. Keltner Channels ATR 2.0, Dots, and Stochastic Bollinger Bands are used as the prime indicator. Those who are surprised to see the long list of the indicator has nothing to worry.
The predefined template will have the tweaked value for each indicator. Just by using the key steps, call and put option can be taken. The system is not only applicable to trade currencies, you can trade Forex, stocks, indices, and cryptocurrencies.
However, the main concern should be one of the news factors and the steps of the edge. If you fail to analyze any step of this system, it will not generate a decent return. The rookies don’t know the impact of different kinds of news on different markets. But it’s fine not to know these factors.
We will give teach you a short cut method to protect the capital from the SL hunt during the news. Along with that, we will also tell you how to optimize the risk by managing the expiry period of each trade. Let’s learn the key steps for our call and put option trade.
Call option setup
After installing the template you will notice a colored Bollinger band. This Bollinger band is going to act as your support and resistance level. Since we will take the trade with a reversal, the left portion of the Bollinger band should have a downward slope.
After the band reaches the bottom part of the visible chart, you will notice the slope is slightly changing. Closely notice the chart, you will a colored moving average that has the blue and red property. Bullish momentum is represented by the blue segment and the bearish momentum is represented by the red segment.
Right at the test of the Bollinger band support, the color of the moving average will change to blue. A small blue dot should appear below the Bollinger band indicating the price ready to push to a new high. But we need further confirmation to improve your precision. At the stochastic Bollinger band indicator, we need a minimum of two sky blue bars indicating the bullish power.
For the last confirmation, we will wait for the price to close above the previous candle high and a sky blue dot will be painted to the blue bars in the chart. So, we have the perfect call option setup. When you execute the call option with this unique strategy, you might get aggressive by winning a few trades. But remember, this one is a reversal trading method. You are not allowed to risk more than 1% under any circumstances.
Put option setup
To short the asset, the initial slope of the Bollinger band will be positive. After the price head towards a resistive zone, you will notice the slope is taking a slow U-turn. Wait for a retest of the price at the Bollinger band resistance.
If the retest is valid and the bears have enough strength to send this pair towards the low, the segment moving average will change its color the red. The red color moving average must be heading south with a negative slope. At the stochastic Bollinger band indicator, we will get a bearish red bar that will tell us the bears have enough strength to make a new low for the trading asset.
But for the put option, we need a red dot right on the candle. Advanced traders always use visual emanation to validate the support and resistance level. Just like that, you have examined the bar position and notice if the signal is formed at the resistive zone.
If not, you can ignore the trade setup. However, the settings of the Bollinger is so perfect to trade the major pairs that you won’t have to worry about the SR level. But considering addition pivot levels in any form of trading method is a great way to improve the success rate of the Keltner Channels Reversal Binary System For MT4. So, be cautious about your trading method and try not to be a greedy trader while using this trading method. Now let’s see how we can handle the news, expiry period, and risk factor.
Managing the trades
Conservative traders don’t have to worry too much about the trade management process. They can take trades at any form of reversal by using a 1% risk. But when the global market is unstable and you are expecting major news, you have to cautious with this trading method.
It’s better to take the trade when the news is released as the market might not reverse its direction and gain huge strength in favor of the trend. Analyzing the critical news is easy but when we have the press conference, it’s very hard to distinguish the rumors and facts. As a result, the Keltner Channels Reversal Binary System For MT4 might not work properly. So, this method is not suitable to take any order when we have a press conference.
The last thing you should is selecting the expiry period. In case the trades are taken in the M15 chart, you can trade with 120-second expiry. However, when trades are taken above the M15 chart, the expiry period can be extended to 240 minutes. As the expiry period changes with your time frame, the payout also changes. The minimum payout for this trading method is 75% of the staked amount.
Taking the trade when the states are too high compared to the payout is a big mistake. This is a violation of the fundamental rule of risk to reward ratio. Keep in mind, you will be losing trades even though it’s a premium trading method. So, risk according to your risk tolerance level and never skip any step mentioned in this article.
Download the complete system description and the files here: