Scalping with Envelopes

 

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.

Get E-Book Worth $100 for Free!!!

Note: if for exit use Profit Target this is the setting: London and NewYork sessions PT=12 pips, 22:00-07:00 (GMT Berlin) PT=7 pips.

Also if the ratio of this Scalping System GBP /USD: is <1,
this strategy is profitable.

 

In the pictures below Scalping System GBP/USD Envelopes with Two moving averages in
action.

Envelopes

Arrow Buy-Sell

Scalping System wit Envelopes
Scalping System wit Envelopes

 

Scalping System wit Envelopes
Scalping System wit Envelopes

scalping system with envelopes

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  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarketsXM,  FXTM,  tickmill
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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