The Keltner Channel Pro Forex Indicator System is based on the Keltner Channel forex indicator and sell/buy stars displayed. Note that the middle line of the forex Keltner Channel is pink/blue colorized. Therefore, buy trade is triggered after a blue star is provided, and the Keltner Channel middle line turns blue. Conversely, the sell entry trade is triggered after a red star is provided, and the Keltner Channel middle line turns pink.
The Keltner Channel Pro Indicator System fits various timeframes and mt4 currency pairs. It is displayed directly on the leading forex trading chart. The main default settings can be modified directly from the input tab. Feel free to experiment with the forex indicator settings and parameters to fit your preferences.
How to set up the Forex Keltner Channel Pro Forex Indicator System in MetaTrader (MT4)?
Download the Keltner Channel Pro.zip archive at the end of this post, unzip it, then copy and paste the indicators files of the Keltner Channel Pro System into the MQL4 folder of the MT4 4 trading platform.
You can access this data folder by choosing the menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators.
You must copy the template file into the template folder to run the Keltner Channel Pro System. To proceed, right-click on a chart, then Template > Open Templates, and copy the Keltner Channel Pro System. tpl file into that folder. Select the file and click Open to load the system on your chart.
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The Keltner Channel Pro System is well worth adding to your trading collection. A good forex strategy will enhance your chance of success. Nonetheless, remember to have realistic expectations. Like any other forex 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.
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