This simple trading system is based on Keltner Chanel and ATR (Average True Range) indicators.
It is designed for EURUSD, but shows good results with the same set of parameters in AUDUSD as well. You can check the results in AUDUSD below.
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The trading system shows optimal performance in trending and range markets with sufficient volatility. The system is based on pending limit orders with entry rules set according to the Keltner Chanel and ATR indicators. The system has predefined Stop Loss, Take profit and Move Stop Loss to Breakeven conditions. As a result, you get a trading system with a high winning rate and low drawdown.
Trading System Setup
Trading system identifier: 7.28.182.250 EURUSD
Chart time frame: H1
Trading instruments: EURUSD
Indicators:
- Keltner Channel
- ATR
Keltner Chanel and ATR Trading System Rules
Keltner Chanel and ATR Trading System Performance
*The trading system performance is displayed in pips for presentation purposes. No money management is applied.
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