Forex Fast Envelopes Scalping Strategy
Forex Fast Envelopes Scalping Strategy:
Envelopes Technical Indicator is formed with two Moving Averages one of which is shifted upward and another one is shifted downward.
This Scalping System with envelopes is setting for GBP/USD 5 min time frame, Counter-trend scalper Strategy.
Metatrader Indicators:
EMA Period: 200
Moving Average Envelope: 0,3% of the EMA
Arrows Buy-Sell indicator.
Long Entry
If the price crosses and closes below the lower envelope, then buy at first buy Arrow.
Short Entry
If the price crosses and closes above the upper envelope, then sell at first sell Arrow.
Exit Position
If the price crosses and closes above the lower envelope, then exit long at market.If the price crosses and closes below the upper envelope, then exit short at market.Profit Target 12 pips; Stop Loss 15 pips.
Also if the ratio of this Scalping System GBP /USD: is <1, this strategy is profitable.
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 Fast Envelopes Scalping Strategy?
- Download Forex Fast Envelopes Scalping 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 Fast Envelopes Scalping 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”.
