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Envelopes Fibonacci Trading Strategy with Momentum and Strength Indicators


Envelopes Fibonacci Trading is one the best trading system and strategy based on the envelopes, momentum and strength indicators.

I am very happy to share this system.

This forex strategy is for the expert traders.

  • Time Frames: M15, M30, H1, H4, or higher
  • Currency Pairs:  EURUSD, GBPUSD, USDJPY, and USDCAD

 

MetaTrader Trading Indicators
  • Envelopes
  • Money Flow Index
  • Relative Strength Index
  • William’s Percent Range

 

BUY Rules

Trading NOTES

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  • Money Flow Index above (MFI) 50
  • Relative Strength Index above (RSI) 50
  • William’s Percent Range above (WPR) -50
  • WPR > MFI > RSI

 

SELL Rules

  • Money Flow Index (MFI) below 50
  • Relative Strength Index (RSI)  below 50
  • William’s Percent Range (WPR) below -50
  • WPR < MFI < RSI

 

Trading NOTES
  • This strategy is very simple and effective
  • Envelope lines are the best TP area
  • Place the initial Stop Loss at the previous swing high (for SELL) or swing low (for BUY)

DOWNLOAD TRADING SYSTEM


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