by TFK1: Today I would like to share a strategy that, works as base for some of my trading systems. Its main advantage is highly accurate entry, effectively filtering out signals that might appear at the trend end. Strategy is easy to trade and there are no subjective factors in play. Base for this strategy is entry based on price crossing the envelopes line (double confirmed) and position of envelopes indicator in relationship with moving averages.
Used forex indicators
Envelopes:Period 30, deviation 0,1. Price crossing both of the lines will create entry signal.
Exponential Moving average : Period:100 - trend filter.
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Forex strategy rules:
BUY

Both envelopes line trending above EMA 100. Uptrend is in progress. Enter only long positions.
Signal:Price touching bottom envelopes line.
Signal confirmation: Price closing above upper envelopes line. Enter on first bullish candle closing above upper envelopes line.
Stop loss is placed below the low of signal formation.
Take profit: Bottom envelopes line touching EMA.
SELL

Both envelopes line trending below EMA 100. Downtrend is in progress. Enter only short positions.
Signal:Price touching upper envelopes line.
Signal confirmation: Price closing below bottom envelopes line. Enter on first bearish candle closing below bottom envelopes line.
Stop loss is placed above the high of signal formation.
Take profit: Upper envelopes line touching EMA.
Adding to winner: As you can see strategy adds positions if trend progresses in our direction. The rule here is to protect profits of opened positions. Once you do, only then enter on new signal.