scalping forex with envelopes strategy

• 02/14/2017 at 5:30 PM #25071
  Lyny

  Hi Nicolas, i am quite interested in scalping with envelopes  indicator from Meta trade, but i dont know how to transform the code into PRT. Could you help pls! Here is some sources from MT trader https://www.forexstrategiesresources.com/scalping-forex-strategies-iii/301-scalping-with-envelopes/

  ” Submit By Maximo Trader 09/08/2013

  Envelopes Technical Indicator is formed with two Moving Averages one of which is shifted upward and another one is shifted downward.

  This Scalping System with envelopes is setting for GBP/USD 5 min time frame, Counter-trend scalper Strategy.

  Metatrader Indicators:

  EMA Period: 200
  Moving Average Envelope: 0,3% of the EMA

  Arrows Buy-Sell indicator.

  Long Entry

  If the price crosses and closes below the lower envelope, then buy at first buy Arrow.

  Short Entry

  If the price crosses and closes above the upper envelope, then sell at first sell Arrow.

  Exit Position

  If the price crosses and closes above the lower envelope, then exit long at market.If the price crosses and closes below the upper envelope, then exit short at market.Profit Target 12 pips; Stop Loss 15 pips.

  Note: if for exit use Profit Target this is the setting: London and NewYork sessions PT=12 pips, 22:00-07:00 (GMT Berlin) PT=7 pips.

  Also if the ratio of this Scalping System GBP /USD: is <1, this strategy is profitable. ..”

   

  

  Lyny

  Participant

  Topics: 1

  Replies: 26

  Been thanked: 0 times
• Author
  Posts