447# Envelope Trend Trading System

Trend following forex system

Submit By Dorian 23/05/2013

This forex strategy is trend following.

Time Frame 4H.

Currency pairs:any.

Metatrader Indicators:

Envelope;

Arrows (channel Signal);

Trend Bars;

Support and Resistance Barry

rules:

1. Always trade with the trend

2. Enter the market on a pullback or retracement at most probable low in case of Long and High in case of Short

3. Enter /Exit trade at most probable price envelope.

4. Do not enter long or Short if the price touches or breaks lover envelope band, Do not enter long if the price touches or breaks upper envelope band.

5.For entry long or short wait forms dots support and resistanca Barry.

Exit Position options:

When the price touches the level of the support or resistance;

at opposite arrow;

whit profit target ratio 1.5 Stop loss;

Stop Loss on the previous swing.

Alternative Exit position only for conservative Entry

Stop loss

This system is traded on 4-hour time frame. The suggestion for stop loss is around 100-150pips from the entry .

Exit Trade

Exit an open trade when there is a reversal arrow or exit by profit target. The profit target can be set from 100-300 pips.

Note:

the arrow repaint but this is an good trading system:

remember enter when on forms dot of the support and resistence and exit at the support and resistance(recommended).

LONG Entry is confirm when

 There is green arrow pointing up

 Trend indicator color is in green

 Price is near or below to lower band of envelope indicator and below the price there is dot blu of support Barry.(This condition is only for an conservative Entry)

 Enter on the close of the candle

 There is green arrow pointing down

 Trend indicator color is in red

 Price is near or abow to upper band of envelope indicator and above the price there is dot red of resistance Barry. (This condition is only for an conservative Entry)

 Enter on the close of the candle

In the pictures Envelope Trend forex system in action.