If the price above upper envelopes signal direction is open Down, if high price prev - upper envelopes prev and bid - uper envelopes current bigger than distance filter, expert advisor will open trades SELL. If the price below lower envelopes signal direction is Up, if lower envelopes prev - low price prev and lower envelopes - bid bigger than distance filter, expert advisor will open BUY.
Please Backtest first, find best setting for your favorite pair, and test on demo first.
i dont know how to upload image, but this backtest result
Manage risk like No Nonsense Forex easily in MT45Mins Rsi Cci Ma Expert
This Expert Advisor based on Relative Strenght Index, Commodity Channel Index and Moving Averages MT4 Indicator for Signal. Please test in Demo Account first. Regards.