Simple Envelope Forex Scalping Strategy
This is a scalping strategy that works in a 5 minute timeframe and is applicable to all major currency pairs. Use this system during Berlin session.
- 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,….
- The trend22 indicator must turn from red to green.
- The price must close above the white EMA line. Take note that the candle that is closing above is the set up candle.
- There will be no trade if the candle that closes above the white line also is closing above the first red line.
- You place a pending Long position 3 pips below the high of the set up candle.
- Stop loss should be place 1 pip above the recent swing.
- If you are in a short trade or long trade you ignore all new signals as your trade is open.
- Take profit at the first blue envelope or 7-10 pips.
- The trend22 indicator must 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.
- There will be no trade if the candle that is closing below the white line also is closing below the first red line.
- You place a pending short position 1 pips below the low of the set up candle.
- Stop loss should be at 3 pips above recent swing.
- Take profit at the first red envelope or 7-10 pips.
Forex Strategies Installation Instructions
Simple Envelope Forex Scalping 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.
Simple Envelope Forex Scalping Strategy provides for 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.
Forex Metatrader 4 Trading Platform:
- Free $30 To Start Trading Instantly
- No Deposit Required
- Automatically Credited To Your Account
- No Hidden Terms
How to install Simple Envelope Forex Scalping Strategy?
- Download Simple Envelope Forex 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
- Right click on your trading chart and hover on “Template”
- Move right to select Simple Envelope Forex Scalping Strategy
- You will see Simple Envelope Forex Scalping Strategy is available on your Chart
Click here below to download: