Description

Keltner Channel Trend Pullback EA

Short Tagline: A trend-pullback strategy using Keltner Channels (an EMA with ATR-based bands).

Short Description:
Keltner Channel Trend Pullback EA is a fully automated trend following / pullback. Expert Advisor for MT4 and MT5. A trend-pullback strategy using Keltner Channels (an EMA with ATR-based bands). Built-in risk controls and market filters keep execution disciplined across live and demo accounts.

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Overview

A trend-pullback strategy using Keltner Channels (an EMA with ATR-based bands). In an established trend, it buys pullbacks to the channel midline (EMA) and rides continuation to the outer band, blending trend-following with volatility-aware entries.

Features

• Keltner Channels (EMA20, 2 × ATR14)
• EMA50 for higher trend context
• ATR(14)
• Configurable stop-loss, take-profit, and trailing logic
• Session, spread, and news-time filters for disciplined execution
• One-trade-per-bar / duplicate-signal protection
• Clean, single-file MQL4 and MQL5 implementations
• No hidden logic — every input is exposed and documented
• No martingale, no grid, no hidden recovery logic

Trading Strategy

Entry logic: – Uptrend: price above EMA50 and channel sloping up. Long when price pulls back to the Keltner midline (EMA20) and prints a bullish close. Enter on close.

• Downtrend: mirror — short pullbacks to the midline in a down-sloping channel.

Exit logic: – Exit at the outer band (upper for longs / lower for shorts) or when price closes beyond the opposite midline.

Stop-loss: SL beyond the lower band (long) / upper band (short) or 1.5 × ATR, whichever is tighter.

Take-profit: TP at the outer band; scale 50% at the band, trail the rest.

Trailing stop: Trail along the Keltner midline (EMA20) each closed bar.

Break-even: Break-even at 1R.

Why it works: Buys value within trends (better R:R than chasing).; Volatility-adaptive bands..

Recommended Settings

• Timeframes: M30, H1, H4.
• Instruments: EURUSD, GBPUSD, USDJPY, XAUUSD, NAS100.
• Account type: ECN/Raw spread accounts preferred
• Minimum recommended balance: $500+ (adjust lot sizing to your risk tolerance)
• VPS: Recommended for 24/5 uptime and consistent execution
• Risk management: Risk 1% per trade. Max 3 open trades. Avoid entries when channel is flat (no trend).

Supported Markets

Forex majors, indices, gold.

Supported Brokers

Compatible with any regulated MT4 or MT5 broker offering standard order execution (market or instant execution). Works with ECN, STP, and standard account types. No broker-specific dependencies.

Installation Guide

1. Download the .ex4 (MT4) or .ex5 (MT5) file from your purchase delivery.
2. Open MetaTrader, go to File → Open Data Folder.
3. Copy the file into MQL4/Experts (MT4) or MQL5/Experts (MT5).
4. Restart MetaTrader or right-click Expert Advisors in the Navigator and select Refresh.
5. Drag the EA onto the chart of your chosen symbol and timeframe.
6. Enable Allow live trading (and Allow DLL imports if prompted) in the Common tab.
7. Adjust inputs to match your risk profile, then click OK.
8. Confirm AutoTrading is enabled in the toolbar.

• Session filter: London and New York for intraday timeframes.
• Spread filter: Reject if spread > 2.5 pips / symbol threshold.
• News filter: Pause entries 15 minutes around high-impact news.
• Volatility filter: Require channel slope and a minimum band width (ATR-relative) to confirm an active trend.

Risk Disclaimer

Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Past performance, backtest results, and simulated outcomes are not indicative of future results. This EA does not guarantee profits. Always test thoroughly on a demo account before deploying real capital, and never risk funds you cannot afford to lose.

Version

v1.0.0

Support

Support is provided through the marketplace messaging system. Please include your broker, symbol, timeframe, and EA version when reporting an issue.

Updates

Free updates are provided for bug fixes and compatibility improvements. Feature updates may be released as versioned upgrades.

FAQ

Q: Does this EA work on both MT4 and MT5?
A: Yes, separate optimized builds are provided for each platform.

Q: Can I run this on multiple pairs at once?
A: Yes, attach separate instances to separate chart/symbol combinations.

Q: Does it use martingale or grid recovery?
A: No. This is a pure signal-based strategy with defined risk per trade.

Q: What timeframe works best?
A: M30, H1, H4. for the cleanest signals, but the EA can run on other timeframes with adjusted inputs.

Q: Is a VPS required?
A: Not required, but strongly recommended for uninterrupted 24/5 operation.