301# Scalping with Envelopes
Scalping System GBP/USD Envelopes with Two moving averages
Submit By Maximo Trader 09/08/2013
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.
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.
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 with envelopes
Share your opinion, can help everyone to understand the forex strategy.
Ronald (Thursday, 03 July 2014 06:53)
Hi there. Thanks for sharing this strategy, but have to say one thing (to 'forexstrategyresources.com'): I used to like this site a lot more when one could still select/copy/paste the text on these pages; then you've changed something and now one has to take screenshots in order to save information for later reference (you probably think you're increasing the traffic to your website by this little trick; hope it works for you).
As to this strategy: I think for exits, you mean to close trades when price crosses and closes above the upper envelope, not closes below it, right? (and vice versa for shorts).
Cheers