Strategy based on Keltner Channels and MACD. Enters long when price breaks above upper Keltner Channel with MACD > Signal. Enters short when price breaks below lower Keltner Channel with MACD < Signal. Exits when MACD crosses its signal line in the opposite direction.
Keltner Channel breakouts serve as the trigger, and MACD momentum filters the direction. The strategy initiates trades once both signals align.
Good for traders chasing volatility expansions with momentum backing. An ATR-based stop contains risk.
Entry Criteria:
Long: Close > UpperBand && MACD > Signal
Short: Close < LowerBand && MACD < Signal
[]Long/Short: Both
[]Exit Criteria: MACD cross opposite
[]Stops: ATR-based using AtrMultiplier
[]Default Values:
EmaPeriod = 20
Multiplier = 2m
AtrPeriod = 14
MacdFastPeriod = 12
MacdSlowPeriod = 26
MacdSignalPeriod = 9
AtrMultiplier = 2m
CandleType = TimeSpan.FromMinutes(15).TimeFrame()
[*]Filters:
Category: Mean reversion
Direction: Both
Indicators: Keltner Channel, MACD
Stops: Yes
Complexity: Intermediate
Timeframe: Mid-term
Seasonality: No
Neural Networks: No
Divergence: No
Risk Level: Medium