TF: 5M
Indicator: Envelope (Default)
Trading time: Between London open and New York open
its just reversing the concept of envelope indicator in London session .
Buy when the two consecutive candles of 5M chart closes above the upper boundary of envelopes with a 20 pip stop loss and 20 pip take profit
Sell when the two consecutive candles of 5M chart closes below the lower boundary of envelopes with a 20 pip stop loss and a 20 pip take profit
the 2 consecutive closing candles which closes above or below the boundary should be same. either both should be bullish candles or should be bearish candles.
and we can also use this for New York session. but i think New York session gives more false signals than London session
Notice: i did not used this system yet, just found it and published it here. if anyone interested can visually back test and post the result here please
