redf0x1

mForex - Keltner channel + EMA Scalping system

Transaction setup parameters
  • Time frame: M5, M15
  • Currency pair: EUR / USD , GPB / USD
  • Transaction: London, USA
  • Number of orders / day: 10 - 15 orders

Trading strategies
=== BUY ===
  • Candles close on the upper Keltner
  • EMA10 crosses the upper Keltner range from below
  • Stop loss in the middle band or up to 12 pips
  • Profit target: 15-25 pips

=== SELL ===
  • Candles close below Keltner below
  • EMA10 crosses the Keltner range below from above
  • Stop loss in the middle band or up to 12 pips
  • Profit target: 15-25 pips
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Comments

what about EMA 110? why du you need it?
+2 Reply
redf0x1 vinosbacco
@vinosbacco, The EMA110 in this strategy is useful for more precise trend identification.
+1 Reply
Thanks this looks fun.
I will adjust this script to match the MES - - Micro e-mini Futures.

Ticks are $1.25 per tick.
Typical scalp in terms of risk is based on fee + number of contracts = profit. I like to make about $10 after fees. I find scalping to be massively less risky than long trades .

I will send you my edits.

This is a very useful script!!!!
Cheers
+1 Reply
redf0x1 forestcall
@forestcall, Thanks very much.
Sorry for the late reply, if you have any ideas, text me

Regards
Reply
forestcall redf0x1
@redf0x1, I used your script for MES Micro Futures and had 6 good trades. Since the market has been so unstable this method has not come up as much. I did some replay tests from last year and this worked much more often. Where did you get the original concept or did you design this fully yourself? It would cool to incorporate some volume profile status which might indicate trend direction. But so far pretty cool.
Reply
redf0x1 forestcall
@forestcall, All the scripts I write are based on our team's real experience.
Hope it helps people to earn more income from this market.
Reply
what is the keltner configuration? 42?
Reply
looks like a valuable script.. anyway to add alerts or objects to chart when EMA crosses ? my eyes are not what they use to be ... LOL TIA
Reply
Thank you, bro. :)
Reply
This is exactly what I have been looking for - except for stocks - is there any way I could have a more detailed conversation with you. Is there a way to reach you
Reply
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