Keltener Channels EA: Automated MT5 Trading with Verified Results and Consistent Entries

This Keltener Channels EA review for 2026 includes a focused performance analysis based on indicator logic, live demo tests, and historical backtests. The review documents how signals are generated when the previous bar closes beyond the upper or lower Keltner band and how configurable Exit_Mode options change trade duration. The analysis compares recent live account runs with in-sample backtests to highlight realistic slippage and spread impacts. What makes Keltener Channels EA unique is its strict adherence to the original indicator rules, translating visual alerts into automated trade execution on MT5 without altering signal criteria. The algorithm scans configured symbols and timeframes, opens buy positions when price closes above the upper band, and opens sell positions when price closes below the lower band. Exit behavior follows the Exit_Mode parameter which can use opposite band cross or a mid-level exit, allowing traders to balance capture of momentum against reduced drawdowns. Keltener Channels EA performs best in trending or strongly directional conditions where price momentum pushes closes beyond the bands; it is less effective in choppy ranging markets where false breaks occur. Risk management is handled through adjustable stop loss, take profit, and fixed or percent-based lot sizing. Expected performance characteristics are moderate win rates with positive expectancy when paired with sensible position sizing and realistic spread assumptions. The developer, Daniel-gheorghe Muresan, provides versions and updates on the MQL5 market and details for MT5 deployment.