Envelope Reversal Trading System
This system uses a 15 minute timeframe in all currency pairs. Envelope, RSI and Bollinger Bands are the indicators used in this system with a reference of the EMA.
- Envelope Set for 15min: 0.10, 0.20, 0.30, and 0.40.
- RSI (9) With Bollinger Bands (15, 1)
Rules for Long Entry:
- Price must be outside the envelopes (0.4).
- RSI must break down Lower band of BB.
- Wait that RSI Breaks up Lower Band of BB.
- Enter at the opening of the next bar.
Rules for Short Entry:
- Price must be outside envelope (0.4).
- RSI must break up Upper band of BB.
- Wait that RSI breaks down Upper Band of BB.
- Enter at opening of the next bar.
Set Profit Target at 20 EMA line, or aggressive at the 0, 10 envelope line.
Stop loss must be at the low (for sell) or high (for buy) of the entry bar.
P.S. This is not a trend following System
Forex Trading Strategies Installation Instructions
This strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
This strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
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How to install this Forex Strategy?
- Download the zip file
- *Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Right click on your trading chart and hover on “Template”
- Move right to select this strategy
- You will see the strategy setup is available on your Chart
*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.
Click here below to download: