kc topics: https://www.forexfactory.com/thread/post/14648072#post14648072
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CounterTrend Trading 58 replies
DislikedM1 BTCUSD - aggressive or conservative? the keltner channel gives me a choice when entering a countertrend, it can be entered on the extreme edge targeting the midline for an aggressive approach, or the more conservative approach is to wait for it to break and hold above the midline thus providing confirmation of the move and target the extreme edge from there... {image} {image} {image} such as this trade and the previous one! {image}Ignored
Dislikeduniformity leads to consistency for example, a programmer will not change language each day to complete a project or a surgeon will not use a scalpel one day and a knife the next - day in day out they refine the use of them over the years, obviously trading should be no different... if each day i change my chart colours or set of indicators or bar style or whatever, then i will definitely not be achieving consistent results, and if i have tools that are never used or worse still not fully understood or faulty, then they will become a distraction!...Ignored
Disliked{quote} actually it was another traders snapshot, not mine, there are no fixed rules for this strategy, it still is as it is explained in post #1 and numerous other posts within the thread... the keltner channel is just an aid to the core strategy and can be used however you wish...Ignored
Disliked{quote} Thanks a lot! I am trying to grasp the concept. working fine so far. combining it with stochastics for me. Seems like trading becomes so easy {image}Ignored
Disliked{quote} Thanks a lot! I am trying to grasp the concept. working fine so far. combining it with stochastics for me. Seems like trading becomes so easy {image}Ignored
Disliked{quote} hey sonicvista, the earlier audusd snapshot was on the M1 chart with the M5 setting on the keltner channel: {image} the snapshot you have just quoted was on the M1 chart and set to current timeframe as below: {image}Ignored
Disliked{quote} I'm looking in the paperclip for this thread and I can't seem to find "Keltner" anywhere in the file attachments. Would you be able to post the mq5/ex5 file here? Also, I don't see an option in your picture of the indicator settings to add in a second set of channel bands. How was this done?Ignored
Disliked{quote} Clever use of the Stochastics! I presume you're using the Keltner Channel as well with niks' settings?Ignored
DislikedXAUUSD M1 early day breakout after gold has been beaten down for 3 days straight. {image}Ignored
Disliked{quote} it is not mine to post, it is copyright of MQL5, you must download and install it yourself... https://www.mql5.com/en/code/16740 you create the dual channel yourself, there is no setting for it, simply drop it onto your chart twice with different settings, it has all been explained in previous posts, please read them first before asking another question...Ignored