756# Envelopes with Trend Wave

Submit by Hiperfx

Envelopes with Trend Wave is a template for mutiposition trading build around moving averages 200 periods. The envelopes aare built on the 200-period moving average with different deviation. The envelpes are eight but the most important is the one with deviation 1.00. with blue draw line above the moving average 200 or red dot under moving average 200.

This trading idea can also be used for multi-position trading with or without martingale.

Time frame 30 min or 60 min.

Currency pairs majors.

Metatrader indicators setting

Envelopes ma method simple 200 period close, deviation 0.50.

Envelopes ma method simple 200 period close, deviation 1.00.

Envelopes ma method simple 200 period close, deviation 1.50.

Envelopes ma method simple 200 period close, deviation 2.00.

Envelopes ma method simple 200 period close, deviation 3.00.

Envelopes ma method simple 200 period close, deviation 4.00.

Envelopes ma method simple 200 period close, deviation 5.00.

Simple moving average 200 period, close.

Trend wave default setting.

Trading rules Envelopes with Trend Wave

Buy

Price action is below the red dot line.

Trend wave aqua dot.

Make profit at the next envopes up.

Multi positions trading: add positions to each aqua dot of trend wave indicator if the price is lower than the red dot line.

Sell

Price action is above the blue dot line.

Trend wave yellow dot.

Make profit at the next envopes down.

Multi positions trading: add positions to each yellow dot of trend wave indicator if the price is upper than the blue dot line.

In the pictures Envelopes with Trend Wave in action.

Share your opinion, can help everyone to understand the forex strategy.