403# 1 min scalping with envelopes

Scalping with envelopes

 

Submit by joy22 04/12/2013

 

1 min Scalping with envelopes is forex scalping strategy based on fast price movements. The purpose of this forex scalping strategy is to enter the market when they occur strong price hikes. The instrument that apply to measure these excursions are the envelopes.

 

Currency pair:Eur/USD, GBP/USD

Time Frame 1 min.

Session: London and NewYork

Spread < 0.0015

 

Forex Indicators

Envelopes (simple moving average 34 period, median price HL/2 deviations 0.08 color white);

Envelopes (simple moving average 34 period, median price HL/2 deviations 0.09 color upper band red, lower band blue);

 

Rules for

1 min scalping with envelopes

 

Buy

When the price broken the lower band blue, buy at the opening of the next bar.

 

Sell

When the price broken the upper band red, sell at the opening of the next bar.

 

Exit position

Make profit at the middle band or profit target 6-8 pips.

Initial stop loss 10 pips after the 5 pips in gain move stop loss at 2 pips from the entry price.


 

This scalping system with envelopes do not repaint.

1 min scalping with envelopes (Template metatrader 4)
1 min scalping with envelopes.rar
compressed file archive 893 Bytes
1 min scalping with envelopes
1 min scalping with envelopes
1 min scalping with envelopes
1 min scalping with envelopes

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