Trend Momentum MT4 and MT5 mobile strategy
Winning 100 pips daily with MT mobile is a trend momentum strategy for MT4 and MT5 mobile applications. This trading strategy is based on the envelopes and Relative Strength Index indicator. The top feature of envelopes is to draw reliable levels of forex dynamic price chart supports and resistances in space. In other words, the rebound or the return of the price in the envelopes are significant moments.
Time Frame: 15 min or higher.
Currency pairs: any.
Indicators settings:
Period 50, deviation 0.823, shift 0, indicator upper band color green, lower band color red, method smoothed, apply close.
Period 50, deviation 0.783, shift 0, indicator upper band color green, lower band color red, method smoothed, apply close.
Period 50, deviation 0.763, shift 0, indicator upper band green color, lower band red color, method smoothed, apply close.
Period 50, deviation 0.423, shift 0, indicator upper band green color, lower band green color, method smoothed, apply close.
RSI (1), apply close, with forex simple moving averages (1-2-3-4 color orange)-(5-6-7-8-9-10, the color purple, apply close).
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Buy
When the price bounces on the envelope or penetrates, the area between the lower envelope bands waits for the fast-moving orange averages to cross the purple slowly upward. But the moving averages must first have gone into the oversold zone (the level below 20).
Sell
When the price bounces on the envelope or penetrates the area between the upper envelope bands, the fast-moving orange averages cross downward the slow purple one. But the moving averages must first have gone into the oversold zone (level above 80).
Exit position
Place initial stop loss above below the previous swing high/low.
Profit Target ratio stops loss minimum of 1:1.3 or at opposite before the opposite band.
Examples of trades
Learn how to build a template
Read More Forex Moving Average With Parabolic SAR Trading Strategy
Thank you
Hi. Can you tell me how to setup those indicator in mt4?
hello, i can’t figure out the settings. which indication do I have to use and where do I make which settings? a heartfelt thank you
Hello bro. Thanks to you! a lot. A simple strategy that can bring profit at least 5 out of 10 entries.
if someone keeps applying this, obviously will get consistency over time and will be able to take better entries.
Envelopes… and RSI+MA
period 50 means indicator bolinger band , use 4 times with given setting an rest noving average nd rsi in down window, i will make it nd share , msg me on telegram if tpl need + 9 1 9 9 1 0 5 0 1 3 0 2, free no cost
Thank you, nice strategy. I am using on Main Chart : RSI – give background colour (just to get window to place moving avarage)
Indicator window : Moving Average 30, close, Method: Smoothed colour-red
Moving Average 10, close, Method: Smoothed colour-green and EMA 15, close, col our- violet. Now, you can see uptrend / downtrend through crossover.
plz can u help me to get clear settings for this stritegy🙏
What the appropriate timeframe for this strategy
1 hr is best…