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.

Trading NOTES

• DOWNLOAD these NON-REPAINT Tools For Making The Perfect Trade Entry (the best trading tools all traders MUST HAVE)
• Use a demo account or a small live account first to practice this trading system

DOWNLOAD INDICATOR

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

• 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)

• 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.

• 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 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