Keltner Gold Trend EA

This EA uses the Keltner Channel to gauge volatility range, then adds a fast/slow EMA pair for directional filtering.

Entry Conditions

To go long, three things must happen at once: price breaks above the Keltner upper band, the candle closes above the slow EMA, and the fast EMA crosses above the upper band. Short entries are the mirror image. All three conditions use AND logic — miss one, no trade.

Risk Management

Stop loss and take profit are set in fixed points. The trailing stop has two adjustable parameters: activation distance (how many points in profit before it kicks in) and step size (how far it moves each time). This gives price room early on and locks in gains later.

Filters

• Spread filter: if the current spread exceeds your threshold, no trade opens — keeps you out of low-liquidity windows
• Time filter: restrict entries to specific hours of the day

The EA holds only one position at a time. Lot size is calculated as a risk percentage of available margin.