Home / FREE DOWNLOAD MT4 Trading Systems / Envelopes Multi-position Trading Strategy with Trend Wave and RSI

Envelopes Multi-position Trading Strategy with Trend Wave and RSI


DOWNLOAD Envelopes Trading Strategy with Trend Wave and RSI – This is a template for Multi-position trading build around moving averages 200 periods.

The envelopes are built on the 200-period Simple Moving Average with different deviation.

The envelopes are eight but the most important is the one with deviation 1.00. with blue draw line above the moving average 200 or red dot under moving average 200.

This trading idea can also be used for multi-position trading with or without martingale.


  • TimeFrames: M30 or H1
  • Currency Pairs: GBPUSD and EURUSD
MetaTrader Trading Indicators
  • Envelopes 200 SMA close, deviation 0.50
  • Envelopes 200 SMA close, deviation 1.00
  • Envelopes 200 SMA close, deviation 1.50
  • Envelopes 200 SMA close, deviation 2.00
  • Envelopes 200 SMA close, deviation 3.00
  • Envelopes 200 SMA close, deviation 4.00
  • Envelopes 200 SMA close, deviation 5.00
  • SMA 200 close
  • Trend wave default setting
  • RSI (14)
BUY Rules
  • Trend wave aqua dot
  • The RSI line is upward and above 50
  • Make profit at the next envopes up
  • Initial Stop Loss at the previous swing low
  • For Multi Positions Trading: add positions to
    • …each aqua dot of trend wave indicator
    • and RSI line is upward and above 50  if the price is lower than the red dot line.
SELL Rules
  • Trend wave yellow dot
  • The RSI line is downward and below 50
  • Make profit at the next envelopes down
  • Initial Stop Loss at the previous swing high
  • For Multi Positions Trading: add positions to
    • …each yellow dot of trend wave indicator
    • and RSI line is down and above 50  if the price is lower than the red dot line.
Trading NOTES

Trading discipline leads to trading success.

Every successful trader consistently follows strict rules in regard to their trading—and that’s what makes them successful traders.

If you want to succeed as a trader, you must practice SELF-DISCIPLINE every single trading day.

DOWNLOAD TRADING SYSTEM


READ  The Best GBPUSD H1 Intra-day Trading Times Trading System

Leave a Reply

Your email address will not be published. Required fields are marked *