Forex scalping strategy that is able to filter out unsuitable market conditions and pick only most stable of trends, to enter our position. It intelligently combines rarely used forex indicator – Envelopes, with smoothed moving average as trend identification tools. Popular forex oscillator RSI (relative strength index) is used as position entry signal.

All buy, all profitable position. First bad entry is filtered out by envelopes.
Envelopes ( 21) applied on close , with 0,20 percent deviation.
Moving average (smoothed) period 200.
RSI (Relative strength index) 4
All indicators applied on 5 min time frame. On any currency pair.
Forex strategy rules.
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Buy:
Both envelopes bands are trending above SMA 200. RSI falls under 30. To time the entry properly, we wait for next bullish candle to close, even if it means that RSI returns above 30. We enter the position once new candle opens.
Stop loss is placed at SMA level.
Take profit: Price touches upper envelopes band (blue - agressive). RSI reaches value above 70 (conservative)
Sell:
Both envelopes bands are trending under SMA 200. RSI rides above 70. To time the entry properly, we wait for next bearish candle to close, even if it means that RSI returns back under 70. We enter the position once new candle opens.
Stop loss is placed at SMA level.
Take profit: Price touches lower envelopes band (red).
RSI reaches value below 30.
Range bound condition filter.

This is a trend following forex scalping strategy. To avoid range bound conditions with high volatility, we trade only when both envelopes bands are clearly above/under the SMA 200 line.
SMA 200 between envelope bands clearly indicates ranging – no trade market.