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
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);
1 min scalping with envelopes
When the price broken the lower band blue, buy at the opening of the next bar.
When the price broken the upper band red, sell at the opening of the next bar.
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.