My Keltner channel strategy This is a mechanical strategy I await a close outside of the outer bands Then I await a pullback to the MA If then PA closes on the same side of the outer band I've got an entry. Pending order placed at H/L. GTC 1 unit of current timeframe. SL at latest swing high/low 2 Rvr Breakeven at 1 R.
Current statistical edge (will be updated as I test more instruments) 19% of orders doesn't get filled 24% results in breakeven 28% are winners 27% are losers
Keltner channel settings: Length: 20 Multiplier: 2,5 Source: close Not exponential Bands style: true range