Keltner Channel Strategy with Golden Cross
Only trade with the trend.
This Keltner Channel-based strategy that will only enter into a trade if the signal of the Keltner Channel agrees with a moving average crossover as defined by the user.
Long Position Entries
2 Conditions must be present
1. There must be a Golden Cross (lower period moving average is above higher period moving average). ex 50 period MA > 200 period MA.
2. Price must cross above the Keltner Channel ATR defined by the user.
Short Position Entries
2 Conditions must be present
1. There must be a Death Cross (lower period moving average is below higher period moving average). ex 50 period MA < 200 period MA.
2. Price must cross below the Keltner Channel ATR defined by the user
Closing Trades:
The strategy closes trades as follows:
1. Price crossing the Keltner Channel's Take Profit ATR (defined by User)
2. Price crossing the Keltner Channel's Stop Loss ATR (defined by User)
This Keltner Channel-based strategy that will only enter into a trade if the signal of the Keltner Channel agrees with a moving average crossover as defined by the user.
Long Position Entries
2 Conditions must be present
1. There must be a Golden Cross (lower period moving average is above higher period moving average). ex 50 period MA > 200 period MA.
2. Price must cross above the Keltner Channel ATR defined by the user.
Short Position Entries
2 Conditions must be present
1. There must be a Death Cross (lower period moving average is below higher period moving average). ex 50 period MA < 200 period MA.
2. Price must cross below the Keltner Channel ATR defined by the user
Closing Trades:
The strategy closes trades as follows:
1. Price crossing the Keltner Channel's Take Profit ATR (defined by User)
2. Price crossing the Keltner Channel's Stop Loss ATR (defined by User)