66# Envelope Reversal Trading System

Submit by ForexStrategiesResources


Time Frame 15min.

Pairs: All


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.

RSI (9) With Bollinger Bands (15, 1)

Long Entry

Wait that Price is outside the envelopes (0.4) and the RSI Breaks down Lower band of BB, after wait that RSI Breaks up Lower Band of BB, entry at open next bar.

Short Entry

Wait that Price is outside envelope (0.4) and the RSI Breaks up Upper band of BB, after wait that RSI Breaks down Upper Band of BB, entry at open next bar.


Exit Position

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.

Trading System Templete envelope reversal
envelope reversal.rar
compressed file archive 639 Bytes


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