Keltner Raschke Channel – trade according to the Keltner-Raschke method

2018-02-25

A robot designed for trading on a real account. The EA trades inside a channel calculated by C. Keltnter’s method in L.Raschke’s modification. Positions are only opened in the trend direction near the boundary line of the channel. Take Profit is set at the opposite side of the channel. Deals are always by stop losses.

Current version: 1.3. Last edition: 2018.01. 23. For the MetaTrader 4 terminal.

The trading robot calculates a channel by applying Chester Keltner’s method modified by Linda Raschke. The EA enters the market and take profit nera the borders of the calculated channel. Positions are only opened in the trend direction, and the EA tries to close most of them with profit. Losing positions are averaged using additional deals, which are calculated so that their aggregate sum could also be closed with profit. As the deposit grows, the money management is applied to increase the volume of trades to match returns and risk with available funds.

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