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.
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