Envelopes Momentum Trading System

Envelopes Momentum Trading System is a forex strategy based on more envelopes indicator. This is a trend reversal forex system. The main feature of the envelopes is that It needs of setting on any time frame. Here I show the setting for 15 min time frame.
This strategy is suitable for sideways market and medium trend when there is a strong trend generate false signals.
Time Frame 15 min.
Cyrrency pairs: EUR/USD, USD/JPY, EUR/GBP, GBP/JPY, AUD/AUD, USD/CHF.
Forex Indicators
Envelopes (period 24, deviation 0.23).
Envelopes (period 24, deviation 0.34).
Envelopes (period 24, deviation 0.62).
Envelopes, which shows the boundaries of the range of price fluctuations. The basics for this tool: on Sell - when the price reaches the top limit of envelopes , and Buy - when the price reaches its lower limit.
Stochastic oscillator (14, 5, 8).
Williams' Percent Range.
Trading Rules Envelopes Momentum Trading System
Buy
The price reaches the lower limit of Envelopes
%R go up level 20 from the bottom.
Stochastic crosses upward from the bottom.
Make profit at the middle line or with predetermined profit Target 10-15 pips.
Initial stop loss 15.- 20 pips after 9 pips in gain move stop loss at the break even.
Sell
The price reaches the upper limit of Envelopes
%R go down level 80 from the top.
Stochastic crosses downward from the top.
Make profit at the middle line or with predetermined profit Target 10-15 pips.
Initial stop loss 15.- 20 pips after 9 pips in gain move stop loss at the break even.
In the charts below trading examples.
Envelopes Momentum Trading System


Envelopes Momentum Trading System

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