The Simple Envelope Forex Scalping Strategy

This is a technical Indicator that is formed with two Moving Averages one of which is shifted upward and another one is shifted downward. This is useful in a 5 minute timeframe and work in GBPUSD pairs.

Metatrader Indicators:

• EMA Period: 200
• Moving Average Envelope: 0,3% of the EMA
• Arrows Buy-Sell indicator.

Long Entry:

• The price must cross and close below the lower envelope.
• Buy at first buy Arrow.

Short Entry:

• The price must cross and close above the upper envelope.
• Sell at first sell Arrow.

Exit Position:

• Buy: The price must cross and close above the lower envelope when you exit.
• Sell: The price must cross and close below the upper envelope when you exit.
• Take profit at 12 pips; Stop Loss 15 pips.

Note: Setting for take profit. is during London and New York sessions profit target is 12 pips, 22:00-07:00 (GMT Berlin) PT=7 pips.

Also if the ratio of this Scalping System GBPUSD is greater than 1.

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