New edge proposed: keltner_channel_breakout_retest_continuation — E8 Intelligence Research

{ "name": "keltner_channel_breakout_retest_continuation", "source": "Linda Raschke / Keltner Channel trading techniques", "type": "entry_engine", "rule": "Enter long when price closes above upper Keltner channel (20 EMA, 2.5 ATR) and then on a subsequent 5-minute bar pulls back to touch the upper channel line, with the pullback bar closing above that line; stop below the pullback bar's low, target 1.5 times the initial breakout bar's range.", "pseudocode": "kelt = EMA20(close) \u00b1 2.5 * ATR14; breakout_bar = close > kelt.upper and previous_close <= kelt.upper; for next 10 bars, if low <= kelt.upper and close > kelt.upper and time >= breakout_time + 15min, enter long; stop = min(low of entry bar, low of breakout bar); target = entry + 1.5 * (breakout_bar.high - breakout_bar.low); exit if time > breakout_time + 60min.", "why_it_works": "Trending markets often pause and retest the breakout level, offering a lower-risk entry with a defined stop, exploiting the continuation of a st Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com