Envelopes Breakout Strategy is trading system based on envelope that are dynamic support and resistance built on moving average. There are more ways for to use this tool: breakout of the central line, grid dynamic trend-reversal, reversal trading. I show here the breakout of the central line that is suitable for day trading and for swing trading. I have added a trend filter to decrease false signals.
Options:
Buy
Other Setting M 15
M 15 breakout
Envelopes Breakout Strategy
Options:
- Time frame 5 or higher.
- Currency pairs majors and minor.
- Envelopes, exponential, close ( 89, 3, 0.21),
- Envelopes, exponential, close ( 89, 3, 0.34),
- Envelopes, exponential, close ( 89, 3, 0.55),
- Envelopes, exponential, close ( 89, 3, 0.89),
- Envelopes, exponential, close ( 89, 3, 1,44),
- Moving average 89, median (HL/2),
- Trend indicator,
- Gann 4 time frame adaptive smoother default).
Buy
- The price break upward and close above the white central line.
- Trend 3 indicator green bar.
- Gann 4 time frame adaptive smoother 3 green square.
- Initial stop loss depends by time frame.
- Make profit 2 pips before the yellow line or fast profit target that depends by time frame and pairs ( example 5 min time frame 7-12 pips).
- The price break upward and close above the white central line.
- Trend 3 indicator red bar.
- Gann 4 time frame adaptive smoother 3 green square.
- Initial stop loss depends by time frame.
- Make profit 2 pips before the yellow line or fast profit target that depends by time frame and pairs ( example 5 min time frame 7-12 pips).
Other Setting M 15
M 15 breakout
Envelopes Breakout Strategy
