Forex Envelopes Trend Wave Trading Strategy
Forex Envelopes Trend Wave Trading Strategy:
Envelopes with Trend Wave is a template for mutiposition trading build around moving averages 200 periods. The envelopes aare built on the 200-period moving average with different deviation. The envelpes are eight but the most important is the one with deviation 1.00. with blue draw line above the moving average 200 or red dot under moving average 200.
This trading idea can also be used for multi-position trading with or without martingale.
Time frame 30 min or 60 min.
Currency pairs majors.
Metatrader indicators setting
Envelopes ma method simple 200 period close, deviation 0.50.
Envelopes ma method simple 200 period close, deviation 1.00.
Envelopes ma method simple 200 period close, deviation 1.50.
Envelopes ma method simple 200 period close, deviation 2.00.
Envelopes ma method simple 200 period close, deviation 3.00.
Envelopes ma method simple 200 period close, deviation 4.00.
Envelopes ma method simple 200 period close, deviation 5.00.
Simple moving average 200 period, close.
Trend wave default setting.
Trading rules Envelopes with Trend Wave
Buy
Price action is below the red dot line.
Trend wave aqua dot.
Make profit at the next envopes up.
Multi positions trading: add positions to each aqua dot of trend wave indicator if the price is lower than the red dot line.
Sell
Price action is above the blue dot line.
Trend wave yellow dot.
Make profit at the next envopes down.
Multi positions trading: add positions to each yellow dot of trend wave indicator if the price is upper than the blue dot line.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Envelopes Trend Wave Trading Strategy?
- Download Forex Envelopes Trend Wave Trading Strategy.zip
- 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
- Load indicator on your chart
How to uninstall Forex Envelopes Trend Wave Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
