Forex Super Envelope Scalping Strategy
Forex Super Envelope Scalping Strategy:
Time Frame 5 min
Currency pairs:majors.
Session Trading Berlin
Indicators:
Trend22
EMA55
envelope 55deviation 0,13%
envelope 55deviation 0,21%
envelope 55deviation 0,34%
The indicators setup value are nubers of the Fibonacci sequence: 1, 1, 2, 3, 5, 8, 13, 21,34, 55,….
Long Entry
The trend22 indicator has to turn from red to green.
The price has to close above the white EMA line. The candle that is closing above is called the set up candle. If the candle that is closing above the white line also is closing above the first red line the trading signal is not valid.
You place a pending Long position 3 pips below the high of the set up candle.
You place the stop loss 1 pips above recent swing.
If you are in a short trade or long trade you ignore all new signals as your trade is open.
Profit Target at the firs blue envelope or 7-10 pips
Short Entry
The trend22 indicator has to turn from green to red.
The price has to close below the white EMA line. The candle that is closing below is called the set up candle.
If the candle that is closing below the white line also is closing below the first red line the trading signal is not valid.
You place a pending short position 1 pips below the low of the set up candle.
You place the stop loss 3 pips above recent swing.
Profit Target at the first red envelope or 7-10 pips
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 Super Envelope Scalping Strategy?
- Download Forex Super Envelope 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 Super Envelope 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”.
