Double envelopes tunnel forex strategy

This forex strategy uses combination of two envelopes tunnels. They both identify the trend and the faster on of them provides us with entry price and trailing stop positioning. Strategy is easy to trade and robust. It was tested for profitability on historical data since 2003.

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The position of fast Envelopes tunnel to the slow (big), will determine the direction of trend. Deviation of each tunnel will help us to filter out ranging market.

 

Strategy was tested for profitability on historical data (EURUSD 1H) since 2003. EA is provided together with expert advisor by theforexkings.com.

 

Used tools and indicators

BIG envelopes (dev 0,1, period 500). Higher calculation period is used for this tunnel as we want to capture the main trend. We compare it to the signal envelopes position to establish the trend direction.

 

Envelopes (signal deviation 0,2,period 20). Signal tunnel will provide a suitable point of entry together with trailing stop lead.

 

Trailing top (Extra deviation for trail stop 100 pips) Trailing stop is based on envelopes tunnel.

 

Forex strategy rules

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SELL

Upper Signal envelopes line trending below bottom BIG envelopes line. Downtrend.

 

Price moves above the upper signal envelopes line and closes. Once it closes back below it, we enter the trade. Trailing stop is placed according to upper envelopes line (signal) +extra distance of pips. TS is the only way of how to close the trade.

 

BUY

Bottom Signal envelopes line trending above upper BIG envelopes line. Uptrend.

 

Price moves below the bottom signal envelopes line and closes. Once it closes back above it, we enter the trade. Trailing stop is placed according to the bottom envelopes line (signal) - extra distance of pips. TS is the only way of how to close the trade.

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Disclaimer:  Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

 

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“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

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