Keltner Channel Automated Strategy

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02/16/2021 at 11:54 AM #161630 quote

lestercairo12
Participant

New

Hi,

I’m new to programming and I wondering has anyone automated a buy and sell order incorporating the Keltner Channel indicator. This is what I mean in English.

Select a Dow Jones Index 5 minute chart.
Add the Keltner Channel indicator.
Set the period = 20
Enter a buy order at £5 per point when
a candle crosses the lower channel from below the lower channel.
Enter a price target = £50 or 10 points.
Set a trailing stop loss at 10 points.
Enter a sell order at £5 per point
When a candle crosses the upper channel from above the upper channel.
Enter a price target = £50 or 10 points.
Set a trailing stop loss at 10 points.

02/16/2021 at 12:08 PM #161635 quote
robertogozzi
Moderator

Legend
There you go:
```
DEFPARAM CumulateOrders = FALSE
Periods = 20
DN      = KeltnerBandDown[Periods]
UP      = KeltnerBandUp[Periods]
CE      = KeltnerBandCenter[Periods]
IF close CROSSES OVER  DN and Not LongOnMarket THEN
   BUY 1 Contract at Market
   SET TARGET pPROFIT   10          //10 pip TP
   SET STOP   pTRAILING 10          //10  pip Trailing Stop
ENDIF
IF close CROSSES UNDER UP and Not ShortOnMarket THEN
   SELLSHORT 1 Contract at Market
   SET TARGET pPROFIT   10          //10 pip TP
   SET STOP   pTRAILING 10          //10  pip Trailing Stop
ENDIF
```
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Keltner Channel Automated Strategy

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lestercairo12 @lestercairo12 Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
5 years, 7 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	02/16/2021
Status:	Active
Attachments:	No files

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