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dinhchien
Oct 18, 2020 9:50 AM

How to trade GOLD by Keltner Channel & ADX indicator. Short

Gold/U.S. DollarFXCM

Description

* The signals is combined by 2 indicators Keltner Channel & The average directional index (ADX).
1. Long trend is confirmed when the close candle crossover the Upper 2 Keltner [U2 letter].

2. Short trend is confirmed when the close candle crossunder the Lower 2 Keltner [L2 letter].

3. ADX indicator below is used to performing the Entry by ADX crossing.
... When Keltner for Long is the crossover for Buy.
... When Keltner for Short is the crossover for Sell.
4. The Stop loss & Profit is with ratio 1/1. It's calculate by Average True Range Indicator (ADX) 20 bars.


* The result is report from 1/1/2017 - present.
Risk: 2%.
Strategy was minus the fee by:
...Commission = 4 USD/trade.
...Slippage = 2 ticks.
Comments
chrisgollnick
Very nice, what are your the 2 keltner channel settings and ADX settings?
Thanks
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