9# Winning 100 pips a day with MT Mobile Strategy

Submit by Dimitri

Winning 100 pips a day with MT mobile strategy is a trend momentum strategy for MT4 and MT5 mobile application. This trading system is based on the envelopes and Relative Strength Index. The main feature of envelopes is to draw very reliable levels of dynamic price supports and resistances in space. In other words, the violation, the rebound or the return of the price in the envelopes are significant moments.

Time Frame: 15 min or higher.

Currency oirs:any.

Indicators setting:

Period 50, deviation 0.823, shift 0, upper band green, lower band red, method smoothed, apply close.

Period 50, deviation 0.783, shift 0, upper band green, lower band red , method smoothed, apply close.

Period 50, deviation 0.763, shift 0,upper band green, lower band red , method smoothed, apply close.

Period 50, deviation 0.423, shift 0, upper band green, lower band green , method smoothed, apply close.

RSI (1), apply close, with simple moving averages (1-2-3-4 color orange)-(5-6-7-8-9-10,color purple, apply close).

Trading rules Winning 100 pips a day with MT mobile strategy

Buy

When the price bounce on the envelope or penetrates the area between the lower envelope bands wait that the orange fast moving averages cross upward the purple slow one. But the moving averages must first have gone into the oversold zone (level below 20).

Sell

When the price bounce on the envelope or penetrates the area between the upper envelope bands wait that the orange fast moving averages cross downward the purple slow one. But the moving averages must first have gone into the oversold zone (level above 80).

Exit position

Place initial stop loss above below the previous swing high/low.

Profit Target ratio stop loss minmum 1:1.3 or at opposite before the opposite band.

Examples of trades

Learn how build template

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