Fri Sep 12th, 2014
A super simple twist system on Keltner Channels which is a tool used to identify reversals with channel breakouts and channel direction and can also be used for identifying overbought and oversold levels from another strategy that was previously created.
This is based on the trading ideas discussed in a book called "How to Make Money in Commodities", by Chester Keltner.
The robot applies a dynamic Stop Loss and Take profit, what means that they are trade dependable and change according to every trade situation, but usually, the Stop Loss will be half of the Take Profit and this means that each win will be much larger than each loss.
The average trading rate of the robot is about 30 times / month or one trade a day and it usually trades in groups which may result in several successive days or even weeks without positions being opened while you may also find it opening 10 positions in a single day, it's sensitive to a very specific set of conditions which if met the robot starts to trade.
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KeltnerPRO - Jared | Myfxbook
Jared Rybeck, the software developer, has published some important criteria about his product:
- It's a fully automated Forex Robot that works only on MetaTrader4 (MT4) platform and not designed for Binary Options.
- Although it's recommended to run it on a Virtual Private Server (VPS) due to internet connection problem possibilities, this is not mandatory.
- While it can run on any account size, a recommended minimum account balance is $200, and as mentioned above, it can work on any broker of your choice.
- The final best version is what he is really distributing, there is no upsells.
Promotional Video (by the Developer)
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