AUDCAD - Day trade signal by Keltner 9/11/2020

- Maximum risk: 2%/trade.
- Data backtest maximum history bars with Premium account.
- Commission: 4usd/per Trade.
- Look indicator Keltner color count how to the signal works:
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Use the synchronization of the 3 lines Basis, Upper, Lower to calculate whether the trend will continue or not.
1. Color the 3 lines Basis, Upper, Lower of the Keltner channel
- If the value of 3 Basis, Upper, and Lower lines in front of a candle increases, fill in green.
- If the value of 3 Basis, Upper, and Lower lines in front of one candle decreases, color in red.
- If 1 of the 3 lines Basis, Upper, and Lower are not in the same direction, paint in gray.
2. Identify the trend.
a. Assign a score for the channel color.
... If blue plus 1 point.
... If red subtracts 1 point.
... If gray gives 0 points.
b. Formula for calculating trend:
Take the total number of past candles. If total> 0 is an Up trend. If total <0 is the downtrend. If total = 0 is sideways.
Example: Counting 25 past candles equates to 1 day + 1 hour to determine a trend.
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Wait to a correction to Basis Keltner to entry.