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.

 

Forex Indicators:

Moving averageA 90 Median HL;

Envelope 90 (Deviation 0.15);

Envelope 90 (Deviation 0.30);

indicator (overbought and oversold);

Stochastic alert (14,3,3).

 

 

Rules for : Envelope Reversal Scalping System

 

Buy

Expect that two conditions are true:

  1. The indicator (overbought and oversold) is on oversold zone;

  2. The price breaks the lower envelope 90;

  3. entry long at open next bar after Buy arrow of the Stochastic alert indicator (14,3,3).

 

Sell

Expect that two conditions are true:

  1. The indicator (overbought and oversold) is on overbought zone;

  2. The price breaks the lower envelope 90;

  3. entry short at open next bar after Buy arrow of the Stochastic alert indicator (14,3,3).

Envelope Reversal Scalping System: Templete and indicators

Envelope Reversal Scalping System
Envelope Reversal Scalping System: Templete and indicators
Envelope reversal scalping system.rar
compressed file archive 12.6 KB
Envelope Reversal Scalping System
Envelope Reversal Scalping System
Envelope Reversal Scalping System
Envelope Reversal Scalping System
Envelope Reversal Scalping System
Envelope Reversal Scalping System

Write a comment

Comments: 4
  • #1

    Henri (Saturday, 24 August 2013 23:20)

    Just excellent. Rated number 2 out of 1500 systems

  • #2

    rokas (Sunday, 25 August 2013 12:43)

    What is Number 2 ? :)

  • #3

    Wandi (Tuesday, 19 November 2013 08:36)

    @ henri --> just curios what's number 1 of 1500 ?

  • #4

    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%

Reversal Scalping Strategies