Trend Momentum MT4 and MT5 mobile strategy

Winning 100 pips daily with MT mobile is a trend momentum strategy for MT4 and MT5 mobile applications. This trading strategy is based on the envelopes and Relative Strength Index indicator. The top feature of envelopes is to draw reliable levels of forex dynamic price chart supports and resistances in space. In other words, the rebound or the return of the price in the envelopes are significant moments.

Time Frame: 15 min or higher.

Currency pairs: any.

Indicators settings:

Period 50, deviation 0.823, shift 0, indicator upper band color green, lower band color red, method smoothed, apply close.

Period 50, deviation 0.783, shift 0, indicator upper band color green, lower band color red, method smoothed, apply close.

Period 50, deviation 0.763, shift 0, indicator upper band green color, lower band red color, method smoothed, apply close.

Period 50, deviation 0.423, shift 0, indicator upper band green color, lower band green color, method smoothed, apply close.

RSI (1), apply close, with forex simple moving averages (1-2-3-4 color orange)-(5-6-7-8-9-10, the color purple, apply close).

Mobile Strategy Trading rules Winning 100 pips a day

Min Deposit of 100$
Simple and easy to use

Levergae up to 1:400

Min Deposit of 5$
Allow Cent Acount
Levergae up to 1:888

Min Deposit of 20$
Allow USA Traders
Levergae up to 1:500

Buy

When the price bounces on the envelope or penetrates, the area between the lower envelope bands waits for the fast-moving orange averages to cross the purple slowly upward. But the moving averages must first have gone into the oversold zone (the level below 20).

Sell

When the price bounces on the envelope or penetrates the area between the upper envelope bands, the fast-moving orange averages cross downward the slow purple one. But the moving averages must first have gone into the oversold zone (level above 80).

Exit position

Place initial stop loss above below the previous swing high/low.

Profit Target ratio stops loss minimum of 1:1.3 or at opposite before the opposite band.

Examples of trades

Learn how to build a template

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