Envelope Reversal Forex Trend following Strategy

1
803

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.

Forex Indicators:

  • 20EMA
  • 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.

Exit Position

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

Recommended MT4 Brokers

XM Broker

  • Free $50 To Start Trading Instantly! (Withdraw-able Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

XM broker

>> Sign Up for XM Broker Account here <<

FBS Broker

  • Trade 100 Bonus: Free $100 to kickstart your trading journey!
  • 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
  • Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
  • ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
  • Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.

fbs broker

>> Sign Up for FBS Broker Account here <<

Click here below to download:

Save

Save



Get Download Access

Get Smarter About Forex Trading Using Indicators

Join 100,000+ subscribers and get our 5 min daily newsletter on what matters in forex.

We do not sell or share your information with anyone.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here