AI Keltner Channel Breakout Trader
- Experts
- Version: 1.0
Momentum breakouts from a Keltner Channel with an ADX strength check.
How it works
The channel is an EMA centre line (20) with bands at a multiple of ATR (10 period, 2.0 by default).
A buy opens when a candle closes above the upper band after the previous candle closed inside the channel; sells mirror this below the lower band. An ADX filter skips weak markets.
The stop is placed at the centre line or the signal candle, whichever protects better, and is capped by an ATR multiple.
Key features
- Keltner Channel calculated from built-in EMA and ATR
- Fresh breakout only (previous close inside)
- ADX trend strength filter
- Stop at the centre line with ATR cap
- Risk based lot size with a maximum lot cap and free margin check
- ATR based break-even and trailing stop
- One position at a time, no grid, no martingale, no averaging
- Every trade is opened with SL and TP
- Small on-chart status panel
Recommended
Forex majors, XAUUSD, indices and crypto CFDs on H1.
Inputs
Risk percent, lot cap, magic number, channel EMA, ATR period and multiplier, ADX settings, maximum SL, reward ratio, break-even and trailing.
Risk note
Trading involves substantial risk. Test the EA on a demo account first and use a risk level you are comfortable with.
