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)