66# Envelope Reversal Trading System
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Envelope Reversal is an trading system based on these indicators: envelope, RSI and bollinger bands.
Envelope Set for 15min: 0.10, 0.20, 0.30, 0.40.
Set Profit Target with this system at the 20 EMA line, or aggressive at the 0,10 envelope line.
Place Stop Loss on low (for sell)or high (for buy) of the entry bar.
P.S. This is not a trend following System
In the picture below an example Envelope Reversal Trading System in action.
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Simplified strategy only envelopes
this setting is for 30 and 60 min chart.