The helpful folk at TradeStation offer another winning strategy. Using the Moving Average as the main Indicator, the King Keltner strategy takes Chester Keltner's 1960 application of a moving average system and adds a "few bells and whistles."
The authors hope that, "When the market makes an abrupt move away from its moving average, it is signalling a change in trend. In the King Keltner system, the penetration of the upper/lower bands signals this trend change. We will go with the flow and buy on strength and sell on weakness. We will get out with a win or a loss when the market retraces back to the moving average."
This system, as do many others, relies on cutting losses short and letting profits run; a basic to good trading habit. The pseudocode for this system is easy to program, as are most Moving Average Indicators ... download the eBook to read more
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