376# Envelope Reversal Scalping System
Scalpig System Reversal
Submit by Mike Trader 24/08/2016
This is a Scalping System Reversal based on the indicator Envelope and indicator overbought and oversold.
Time Frame 5 min.
Currency pair:any.
Moving averageA 90 Median HL;
Envelope 90 (Deviation 0.15);
Envelope 90 (Deviation 0.30);
indicator (overbought and oversold);
Rules for : Envelope Reversal Scalping System
Buy
Expect that two conditions are true:
-
The indicator (overbought and oversold) is on oversold zone;
-
The price breaks the lower envelope 90;
-
entry long at open next bar after Buy arrow of the Stochastic alert indicator (14,3,3).
Sell
Expect that two conditions are true:
-
The indicator (overbought and oversold) is on overbought zone;
-
The price breaks the lower envelope 90;
-
entry short at open next bar after Buy arrow of the Stochastic alert indicator (14,3,3).
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Envelope Reversal Scalping System
Mohamed (Saturday, 04 January 2014 20:26)
I use the same thechnique but with diferent sitting + RSI , I can tell u the accuracy on
EURUSD is about 70%
Wandi (Tuesday, 19 November 2013 08:36)
@ henri --> just curios what's number 1 of 1500 ?
rokas (Sunday, 25 August 2013 12:43)
What is Number 2 ? :)
Henri (Saturday, 24 August 2013 23:20)
Just excellent. Rated number 2 out of 1500 systems