![]() ![]() For a buy trade, Wilder RSI should be below 30 and for a sell trade, Wilder RSI should be above 70. Nicola Delic has modified Wilder RSI so that it generates more accurate signals for his Quattro Cash Envelopes System. When the candle closes above the upper band or the candle closes below the lower band, we use Wilder RSI to further filter the trade. For a buy trade, the candle should touch the lower band and for a sell trade, the candle touch the upper band. We look for price to touch the upper or the lower bands. The Envelopes settings are MA Period=8 and Deviation=0.1. Envelopes uses two moving averages that are used to define the upper and lower price bands as shown in the screenshots. ![]() ![]() Similarly when you see a red button on the upper right corner, you should plan a sell trade with the rules of Quattro Cash Envelopes.Īs the name implies this system uses Envelopes to look for trades on lower timeframes of 5 minute and 15 minutes. When you have a green button on the upper right corner, you should start thinking about a long trade. Direction Indicator tells you the direction in which you should trade. ![]() On the other hand, if the trend is down on 1 hour chart, it will show a red button on the upper right corner. If the trend is up on the 1 hour chart, Direction Indicator will show a green button on the upper right corner of the chart. Since we will be using this system on 5 minute and 15 minute timeframes, the higher timeframe that Direction Indicator uses will be 1 hour. Direction Indicator checks the trend on the higher timeframe. To be precise Quattro Cash Envelopes uses 4 indicators. Below is a screenshot of Quattro Cash Envelopes buy trade!Īs you can see in the above screenshot, this system uses a number of indicators to generate buy/sell signals. Quattro Cash Envelopes works best on 5 minute and 15 minute timeframe. When you download his system, also watch the video in which Nicola Delic answers a number of questions and explains his experiences as a trader. For the next few days, you can download his Quattro Cash Envelopes System template, custom indicators, installer and 11 page PDF FREE. Nicola Delic is giving his Quattro Cash Envelopes System FREE as part of the pre-launch of his Forex Master Levels System. ![]()
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