Envelope with Bollinger Bands Trading is a momentum band strategy. The purpose of this strategy is to identify overbought and oversold areas on the main chart through the dynamics of the bollinger band with the envelope. Wait until the Bollinger band crosses the envelpe up or down, then that it returns when it returns must be confirmed by the indicators and the price must be above below the weekly pivot lines.
Setup Strategy
Time frame 15 min or highe.
Currency pairs: EURUSD, EURJPY, EURCAD, EURGBP, AUDNZD, AUDCAD, GBPCAD, GBPCHF, EURCHF, NZDCAD, AUDUSD, NZDUSD, USDJPY, GBPJPY.
Type of strategy,, day trading or swing trading.
Style, Bands momentum.
Indicators MT4
Main chart
Envelope,
Bollinger Bands (period 20, deviation 2.0)
Weekly pivot.
Sub windows
MACD 12,26, 9
Stochastic oscillator (8,3,3).
Symbol Changer
How to instal Envelope with Bollinger Bands Trading mt4 indicators and template. These are the MT4 indicator files that you would have downloaded.
Open the data folder.
Open MQL4 file Open the indicators fold Paste the files.
Open MQL4 file Open the template fold Paste the files.
Restart MetaTrader 4 and apply template on the chart.
In the picture examples of trades
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