Scalping System with Keltner Channel and CCI For MT4

Scalping System with Keltner Channel and CCI For MT4

The Scalping System with Keltner Channel and CCI For MT4 makes use of just two technical indicators. Both these indicators are widely available by default on many charting platforms. At the outset, the Keltner channel and CCI forex scalping trading strategy makes use of the momentum in the price as a way to capture trades in the market.

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This makes the Keltner channel and CCI forex scalping trading strategy ideally suited for medium term to long term trading system. Although the name suggests that this is a scalping system, we find that the Keltner channel and CCI forex scalping trading strategy works across all the time frames. Of course, depending on one's choice, you could make use of the Keltner channel and CCI forex scalping trading strategy to work as a short term day trading scalping system as well.

The trading indicators used in this scalping strategy is the Keltner channel and the CCI or the commodity channel index. The Keltner channel is defaulted to the 20 period setting and makes use of a 10 period ATR as the multiplier.

The Keltner channel, looks similar to that of a Bollinger band. However, unlike the Bollinger band, there are no price band contraction or expansion. The Keltner channel merely plots the highs and low in price and also works like a trend indicator. Thus, the slope of the Keltner channel is also important when trading with this method.

The commodity channel index is basically an oscillator. Just as with any other oscillator, the CCI moves around the +100 and -100 levels with the zero being the center line. The CCI signals overbought and oversold levels on the price chart. The reflect the short term price movements in the markets as price moves along the trend.

Thus, using these two indicators, we have the Keltner channel and CCI forex scalping trading strategy. If you are using this trading system on the short term charts, we recommend that you make use of a 15 minute chart time frame. We find this chart time frame to be ideally suited for trading with the Keltner channel and CCI forex scalping trading strategy.

Due to the relatively few number of indicators used with this scalping system, you can load up the template onto multiple charts and monitor them. But we advise against trading multiple currencies at the same time as it can lead to confusion and this can result in losing trades.

Traders can make use of the Bollinger bands, Stochastics and RSI forex trading strategy across any time frame of their choice. Thus, this trading system is suitable both for short term intraday scalping as well as swing trading.

The trading rules are logical and simple. So even beginners will find it easy to trade using the Bollinger bands, Stochastics and RSI forex trading strategy.

Keltner channel and CCI scalping forex trading strategy – Long positions




To take long positions in the markets using the Keltner channel and CCI forex scalping trading strategy, we start by looking at how price is behaving in relation to the Keltner channel. We need to see evidence of price gradually moving to the lower end of the Keltner channel.

When you see such a pattern emerging, then look to the CCI index. Here, we should be looking for a divergence. For long positions, we need to see price making a lower low, but we need to see the CCI index making a higher low. This is nothing but bullish divergence.

Upon spotting the divergence, wait for price to rise higher and then take a long position in the market. Use the upper Keltner channel level as your take profit level. Meanwhile, the recent lower low prior to taking the long position becomes your stop loss level. When price moves the same distance as your stop loss, you should move the stops to break even.

You can also bring some additional validity to the trading system by looking at any bullish candlestick patterns that might emerge close to when you are setting up the long position in the markets.

Keltner channel and CCI scalping forex trading strategy – Short positions




To take short positions in the markets using the Keltner channel and CCI forex scalping trading strategy, we start by looking at how price is behaving in relation to the Keltner channel. We need to see evidence of price gradually moving to the upper end of the Keltner channel.

When you see such a pattern emerging, then look to the CCI index. Here, we should be looking for a divergence. For short positions, we need to see price making a lower high, but we need to see the CCI index making a higher high. This is nothing but bearish divergence.

Upon spotting the divergence, wait for price to fall off the swing highs and then take a short position in the market. Use the lower Keltner channel level as your take profit level. Meanwhile, the recent lower high prior to taking the short position becomes your stop loss level. When price moves the same distance as your stop loss, you should move the stops to break even.

You can also bring some additional validity to the trading system by looking at any bearish candlestick patterns that might emerge close to when you are setting up the long position in the markets.

Is the Keltner channel and CCI scalping forex trading strategy good for you?


The Keltner channel and CCI forex scalping trading strategy is a simple yet efficient way of scalping the markets. Note that there are numerous ways on how you can use this scalping strategy to trade the markets. However, in our example of the Keltner channel and CCI forex scalping trading strategy, we demonstrated one way which is of making use of divergence in the CCI oscillator.

The trading strategy is simple but traders need to be adept at understanding how the Keltner channel and the CCI indicator works. Having a bit of knowledge about divergences can also be very beneficial.

Download the complete system description and the files here:

FREE Scalping System with Keltner Channel and CCI

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