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Home » » Fractals Envelopes Dev System: A Practical Guide

Fractals Envelopes Dev System: A Practical Guide

The Fractals Envelopes Dev System is designed to detect market conditions such as overbought, sideways, or trending markets, and to provide accurate trading signals. Here are the steps to apply this system:

Steps to Use the Fractals Envelopes Dev System

  1. Choose the Right Pair

    • Select the currency pair that you are trading or most familiar with. In this example, we use GBP/USD.

  2. Add Indicators to the Chart

    • Standard Deviation: Change the period to 10. This indicator is used to measure volatility and to determine how far the price deviates from the average.
    • Envelopes: Use the default settings. Envelopes help in determining dynamic support and resistance levels.
    • Fractals: Use the default settings. This indicator helps in detecting price reversal points by displaying arrows.

  3. Entry Rules

    • Entry SELL:
      • Standard Deviation: Must be above (indicating high volatility or price deviating from the average).
      • Envelopes: The price must be in the blue Envelopes area (indicating an overbought or resistance area).
      • Fractals: An upward arrow must appear as a signal to open a SELL position.
    • Entry BUY:
      • Standard Deviation: Must be above (indicating high volatility or price deviating from the average).
      • Envelopes: The price must be in the red Envelopes area (indicating an oversold or support area).
      • Fractals: A downward arrow must appear as a signal to open a BUY position.

  4. Do Not Open a Position If:

    • The price does not align with the indicator signals.
    • The indicators do not show clear conditions.
    • The time frame and pair do not match your strategy.

  5. Setting Stop Loss and Take Profit

    • Adjust the Stop Loss (SL) and Take Profit (TP) settings according to your trading habits and risk tolerance.
    • Use technical levels such as support/resistance or risk/reward ratios to determine SL and TP.

Example of Applying the Fractals Envelopes Dev System

  1. Analyzing GBP/USD Pair:

    • Standard Deviation: The indicator value is above the threshold level considered high.
    • Envelopes: The price is in the blue Envelopes area (for SELL) or the red Envelopes area (for BUY).
    • Fractals: Arrows match the desired signal (up arrow for SELL or down arrow for BUY).

  2. Entry SELL:

    • If all conditions are met:
      • High Standard Deviation.
      • Price is in the blue Envelopes area.
      • Fractals arrow indicates a SELL signal.
    • Open a SELL position and set SL and TP according to your technical analysis.

  3. Entry BUY:

    • If all conditions are met:
      • High Standard Deviation.
      • Price is in the red Envelopes area.
      • Fractals arrow indicates a BUY signal.
    • Open a BUY position and set SL and TP according to your technical analysis.

The Fractals Envelopes Dev System combines several indicators to provide accurate trading signals and detect market conditions. By following these steps, you can improve your trading decisions and manage risk better. Always ensure to adjust SL and TP to match your trading style and risk tolerance.

With discipline and consistent application, this system can help you identify better trading opportunities and enhance your trading performance.

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