Scribd
Upload
2K views3 pages

Envelope Trend Trading System

This forex trading strategy uses a 4-hour time frame with any currency pair. It employs envelope, trend arrows, and support and resistance bar indicators. Rules include always trading with the trend, entering on pullbacks or retracements near the envelope bands, and exiting at support or resistance levels. Stop losses are set at 15 pips from entry and profit targets can be set from 15-50 pips. Entry is confirmed when the trend arrow and indicator match the price action relative to the envelope bands and support/resistance dots.

Uploaded by

mangelbel6749
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
2K views3 pages

Envelope Trend Trading System

This forex trading strategy uses a 4-hour time frame with any currency pair. It employs envelope, trend arrows, and support and resistance bar indicators. Rules include always trading with the trend, entering on pullbacks or retracements near the envelope bands, and exiting at support or resistance levels. Stop losses are set at 15 pips from entry and profit targets can be set from 15-50 pips. Entry is confirmed when the trend arrow and indicator match the price action relative to the envelope bands and support/resistance dots.

Uploaded by

mangelbel6749
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Envelope Trend Trading System

This forex strategy is trend following. Time Frame 4H. Currency pairs: any. Metatrader Indicators: Envelope !rro"s #channel $ignal% Trend &ars $upport and 'esistance &arry

'ules:
(. !l"ays trade "ith the trend ). Enter the mar*et on a pull+ac* or retracement at most pro+a+le lo" in case of ,ong and High in case of $hort -. Enter .Exit trade at most pro+a+le price envelope. 4. /o not enter long or $hort if the price touches or +rea*s lover envelope +and0 /o not enter long if the price touches or +rea*s upper envelope +and. [Link] entry long or short "ait forms dots support and resistance &arry. Exit 2osition options: 3hen the price touches the level of the support or resistance at opposite arro" "hit profit target ratio (.1 $top loss $top ,oss on the previous s"ing. !lternative Exit position only for conservative Entry $top loss This system is traded on 44hour time frame. The suggestion for stop loss is around (554 (15pips from the entry . Exit Trade Exit an open trade "hen there is a reversal arro" or exit +y profit target. The profit target can +e set from (554-55 pips.

6ote: the arro" repaint +ut this is a good trading system: remem+er enter "hen on forms dot of the support and resistance and exit at the support and resistance#recommended%. ,768 Entry is confirm "hen
There is green arro" pointing up Trend indicator color is in green 2rice is near or +elo" to lo"er +and of envelope indicator and +elo" the

price there is dot +lue of support &arry.#This condition is only for an


conservative Entry) Enter on the close of the candle

$H7'T Entry is confirm "hen


There is green arro" pointing do"n Trend indicator color is in red 2rice is near or a+ove to upper +and of envelope indicator and a+ove the

price there is dot red of resistance &arry. #This condition is only for an
conservative Entry) Enter on the close of the candle

In the pictures Envelope Trend forex system in action.

You might also like