Keltner Channel Pro System

Trading Systems

Introduction to the Keltner Channel Pro System

The Keltner Channel Pro System is based on, as the name suggests, the Keltner Channel indicator along with buy/sell stars displayed. Note that the middle line of the Keltner Channel is blue/pink colorized. Buy trade is triggered after a blue star is provided and the Keltner Channel middle line turns blue. Conversely, sell trade is triggered after a red star is provided and the Keltner Channel middle line turns pink.

The Keltner Channel Pro System fits kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to set up the Keltner Channel Pro System in MetaTrader (MT4)?

Installation Guide

Download the Keltner Channel Pro.rar archive at the bottom of this post, unpack it, then copy and paste the indicators files of the Keltner Channel Pro System into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Furthermore, to run the Keltner Channel Pro System you need to copy the template file into the templates folder. To proceed, right-click on a chart, then Template > Open Templates, and then copy the Keltner Channel Pro System.tpl file into that folder. Now select the file and click Open to load the system on your chart.

Bottom Line

The Keltner Channel Pro System is well worth adding to your trading collection. A good forex strategy will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex trading system provides false signals occasionally. Its performance will vary significantly depending on market conditions.