Keltner channel forex robot for automated trading TEST VERSION
Limits: This test version is only for testing in strategy tester in Metatrader 4(to see the result for previous periods) System: Metatrader 4 Needed indicators: in zip archive Timeframe: M15 Currency pair: GBPUSD Limits by accounts: No You can buy PRO VERSION: BUY THIS ADVISOR
Limits: TEST ONLY System: Metatrader 4 Needed indicators: in zip archive Timeframe: M15 Currency pair: GBPUSD Limits by accounts: No Type of trading: Middle-term trading Neural network: light
Number of signals using in trading: 4 Moneymanagement: yes Using with other EAs: yes Broker account: any account Max. spreads allowed: 4 (40) TakeProfit and StopLoss max used: 153(SL), 478(TP) Duration of trades: average 8 hours – 4 days Lots: 0,01 – 100 VPS or Laptop: need 24/5 online
Using indicators: – Keltner channel indicator. Keltner channel indicator – are volatility-based envelopes set above and below an exponential moving average. This indicator is similar to Bollinger Bands, which use the standard deviation to set the bands. Instead of using the standard deviation, Keltner Channels use the Average True Range (ATR) to set channel distance. The channels are typically set two Average True Range values above and below the 20-day EMA. The exponential moving average dictates direction and the Average True Range sets channel width. Keltner Channels are a trend following indicator used to identify reversals with channel breakouts and channel direction. Channels can also be used to identify overbought and oversold levels when the trend is flat. Indicators based on channels, bands and envelopes are designed to encompass most price action. Therefore, moves above or below the channel lines warrant attention because they are relatively rare. Trends often start with strong moves in one direction or another. A surge above the upper channel line shows extraordinary strength, while a plunge below the lower channel line shows extraordinary weakness. Such strong moves can signal the end of one trend and the beginning of another. With an exponential moving average as its foundation, Keltner Channels are a trend following indicator. As with moving averages and trend following indicators, Keltner Channels lag price action. The direction of the moving average dictates the direction of the channel. In general, a downtrend is present when the channel moves lower, while an uptrend exists when the channel moves higher. The trend is flat when the channel moves sideways. A channel upturn and break above the upper trendline can signal the start of an uptrend. A channel downturn and break below the lower trendline can signal the start a downtrend. Sometimes a strong trend does not take hold after a channel breakout and prices oscillate between the channel lines. Such trading ranges are marked by a relatively flat moving average. The channel boundaries can then be used to identify overbought and oversold levels for trading purposes.
What do you need for trading with advisor:
Open broker account or use existing. We recommend you Pepperstone broker
PC, Laptop or VPS for trading software (Metatrader 4) from your broker (PC must be online 24/5). To ensure the 24-hour operation of the Metatrader 4 we recommend this Forex VPS Provider:
initial deposit on broker account for trading;
pack of expert advisors from our shop.
Strategy tester video
Financial independence, profit stability with our special trading advisors at Forex market.
Contact us: Signal2forex, firstname.lastname@example.org . Or use this form to ask a question about this product:
Question: Can I start trading using this test expert advisor? Answer: No. This EA is only for testing in the Strategy Tester. You can buy PRO VERSION: BUY THIS ADVISOR
Question: I don’t know what is expert advisors, but I know what is Metatrader? Can you help me set up advisors on my PC? Answer: We can use Teamviewer.com software for setting up advisors on your PC. Our manager does this for you, we need only to agree on the time of installation. Also you can try by yourself with our tutorial video.
Question: What account can I use? Answer: Any account of popular broker, try to use small spreads, even with comission. We recommend you Pepperstone broker,
Question: What strategy is using that expert advisors? Answer: Advisors using neural network, technical indicators and correlation system between signals from indicators. Also using such methods as intraday trading, closing trades by time, trailing stops, trailing profits, breakeven function, closing by signals, pending orders and so on.
Question: How to install expert advisors? Answer: Open tab “File” –> choose “DataFolder” in your Metatrader 4. Put *.ex4 files in “Experts” folder. Put indicator’s *.mq4 files to “Indicators” folder. Restart Metatrader 4. Open needed charts with timeframe that shown in experts name for every currency for which it is intended. Double click on every expert advisor for every chart at the panel with experts. Expert advisor must be installed on chart only, indicators doesn’t need to be installed on chart.
Question: Do you provide updates for your advisors? Answer: Updates are coming periodiccally, when new features added.
Question: How much time I must wait for the first orders? Answer: In period of trading 01-00 – 23-50 first trades are coming during hour for portfolio and during a day for single EAs.
Question: Why orders is not opened? Answer: First of all, you need to check, if you put indicators to right folder and restart Metatrader. Then check laughing faces in the upper right corner of every chart, also check checkbox “Allow live trading” in setting for every EA. If trades is not coming (very rare chance) you need to change Metatrader of your broker to Metatrader of other broker. You can download Metatrader by that link, then you can enter to your account with your broker credentials.
Question: How to use 2-10 metatraders at the same time or how to make a full copy of your first Metatrader? Answer: You need to go to C:Program Files (x86) and find your broker folder. Then right click of the mouse on it, press “Copy”. Then right click of the mouse in free field and press “Paste”. Then you can go to C:Program Files (x86)New_broker_folder_copy. Then launch file terminal.exe. Now you opened second Metatrader. You can trade, for example, on demo and real account in the same time. How to place all charts and EAs from the first Metatrader to the new one. Open tab “File” –> choose “DataFolder” in your first Metatrader 4 and copy all from it. Then open tab “File” –> choose “DataFolder” in your second Metatrader 4, close program, delete all files from folder, and paste files, that you are copy from first one. Launch second Metatrader. Now you have full copy of first one Metatrader.
Question: Is there any limits on EA purchased? Answer: There are no limits on accounts demo or real. There are limits by time of using. You can find it in advisor specification.
Question: Do you refund me if something goes wrong? Answer: We provide full refund, if EA do not work. Before refunding we check it with Teamviewer.com or with the help of your history statement from Metatrader.
Question: How I can send you history statement from Metatrader? Answer: Please open “Account history” tab in terminal window. Right click of the mouse, press “All history”. Then right click of the mouse again and press “Save as detailed report”. Then you can send it to us by email.
Question: How can I check my account spreads? Answer: Look to “Market watch” window, then right click of the mouse on it, choose “spread”. Now you can see your spreads or expenses, that you are paying to your broker.
Question: Is it difficult to understand what is spreads? Answer: If you see spread 20 for GBPUSD pairs for 5 digit quotations, it is meaning, that you need to haggle for your broker for 0.2usd with 0.01 lot, for 2 usd with 0.1 lot and only then you will already trade for yourself. If you have many trades, there will be much expenses for your broker. It is very important to choose right account and not to pay much money to him. From our experience better to open accounts with popular brokers, as they spreads is much less.