I'm posting a simple breakout strategy that I've been trading/watching over the past few weeks. The rules are simple...
Wait for an obvious compression of bollinger bands inside the keltner channel. When this compression appears....take the trade in the direction of the chalkin money flow on the candle that crosses the zero line.
Here are a couple of trade examples:
EU
EJ
UChf
I've been tinkering with a couple of stop and TP options. Personally I like moving to breakeven at X pips and then trailing with the middle line of the bollinger bands.
I wonder if there is any interest to be on the alert for trades that are setting up using this approach and posting them here in advance. Not something I want to do alone....but with a larger group....we could cover all the tradeable pairs.
Cheers
CanuckCT
Wait for an obvious compression of bollinger bands inside the keltner channel. When this compression appears....take the trade in the direction of the chalkin money flow on the candle that crosses the zero line.
Here are a couple of trade examples:
EU
EJ
UChf
I've been tinkering with a couple of stop and TP options. Personally I like moving to breakeven at X pips and then trailing with the middle line of the bollinger bands.
I wonder if there is any interest to be on the alert for trades that are setting up using this approach and posting them here in advance. Not something I want to do alone....but with a larger group....we could cover all the tradeable pairs.
Cheers
CanuckCT
Attached File(s)
keltner bb breakout.tpl
2 KB
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1,470 downloads
Keltner_Band_MAHiLo.mq4
4 KB
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1,543 downloads
CMF correct.mq4
2 KB
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1,841 downloads