Envelope Reversal Forex Scalping Strategy
This is a scalping system based on reversal using envelope indicator and overbought and oversold indicator. This system works in any currency pairs in a 5-minute timeframe.
Forex Indicators:
- Moving average A 90 Median HL;
- Envelope 90 (Deviation 0.15);
- Envelope 90 (Deviation 0.30);
- indicator (overbought and oversold);
- Stochastic alert (14,3,3).
Buy Entry:
- The overbought and oversold indicator is in the oversold area.
- The price must break the lower envelope 90.
- Enter at buy arrow after the stochastic alert indicator.
Sell Entry;
- The overbought and oversold indicator is in overbought area.
- The price must break the lower envelope 90.
- Enter at buy arrow after the stochastic alert indicator.
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