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Keltner Channel Color (MT5) — review, price and free alternatives
MT5 indicator$35 on MQL5by Pablo Filipe Soares De Almeida
Keltner Channel Color is a MetaTrader 5 indicator by Pablo Filipe Soares De Almeida, sold on the MQL5 Market for $35. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
Keltner Channel Color — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Indicator
- Developer
- Pablo Filipe Soares De Almeida
- Price
- $35
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Keltner Channel Color on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
The Keltner Channel Color is a custom indicator for MetaTrader 5 (MQL5) designed to enhance the visualization of trends and volatility on the chart.
Before you buy Keltner Channel Color
What the developer claims
- It colors the bars or candles based on their relative position to the Keltner Channel, helping traders quickly identify high, low, and breakout zones.
- Ideal for trend following, scalping, or volatility analysis strategies, this indicator simplifies market reading by highlighting bars above or below the Keltner bands, as well as bars that close above.
Quoted from the listing. We have not tested these claims.
What to check first
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT5 indicator in the Strategy Tester before you buy.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Keltner Channel Color
Compiled from its public MQL5 listing. FxRobotEasy has not traded Keltner Channel Color; what these notes say about how it works comes from that listing.
Overview
Keltner Channel Color by Pablo Filipe Soares De Almeida represents a comprehensive automated trading solution for MT5 traders. What sets Keltner Channel Color apart is its balanced approach to trade execution and capital preservation.
Risk notes
Keltner Channel Color implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT5 platform compatibility
- Developed by experienced Pablo Filipe Soares De Almeida
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Keltner Channel Color on MT5 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free to try · from FxRobotEasy
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Keltner Channel Color or Breakopedia AI?
| Keltner Channel Color | Breakopedia AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($35) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Pablo Filipe Soares De Almeida | FxRobotEasy |
Keltner Channel Color — questions
What is Keltner Channel Color?
Keltner Channel Color is a MetaTrader 5 indicator published on the MQL5 Market by Pablo Filipe Soares De Almeida, priced at $35 USD. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does Keltner Channel Color work on MT4 or MT5?
Keltner Channel Color runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Keltner Channel Color cost?
Keltner Channel Color is a paid product listed at $35 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-12-22. It is sold and downloaded through the developer's (Pablo Filipe Soares De Almeida) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Keltner Channel Color?
FxRobotEasy has not traded Keltner Channel Color on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Keltner Channel Color elsewhere comes from its developer or from a third party.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.