Quattro Cash Envelopes Trading System

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Quattro Cash Envelopes

Quattro Cash Envelopes trading system is being given free by Nicola Delic. You can download Quattro Cash Envelopes System 11 page PDF, custom indicators and template FREE.

The Quattro Cash Envelopes system has worked very well for me. I always enjoy tinkering with my indicators and I’ve spent a lot of time fine-tuning and tweaking the indicators to provide the most accurate trading signals.

This system can be traded on all currency pairs. I usually monitor and trade a wide variety of currency pairs, so you can be sure that this system will provide you with a wide range of signals. While the system can be traded on all time frames, I would suggest that you start trading it on the M15 or the M5 timeframes for the best results.

Using the Direction Indicator

The Direction indicator will give you a quick view of which side of the market you should be trading right now. After the “Bullish” or “Bearish” button appears on your chart you just need to wait for the next system rule to be met before you proceed. I’d also like to point out that you can use this indicator with any trend-following system you might be trading.

What are Envelopes?

This is an indicator that is formed by two moving averages that define upper and lower price range levels. It is traditionally used to help identify extreme overbought and oversold conditions in a market. It is also useful in identifying trading ranges.

Using the Envelopes Indicator

When trading the Quattro Cash Envelopes system, we will be using the Envelopes indicator to identify areas where we may consider entering Buy or Sell trades. I have set the MA Period to 8 and the Deviation to 0.1.

We are looking for areas where the price candles are testing the Upper and Lower Envelope Bands. To identify a potential trade setup, we want to see a candle close either above the Upper Envelope Band (for Sell trades) or below the Lower Envelope Band (for Buy trades).

Once this condition has been met we can look to the next system rule and confirm the signal with the Wilder RSI.

What is Wilder RSI?

The Wilder Relative Strength Index (RSI) is a rate of change oscillator developed by J. Welles Wilder, Jr. I’ve made some modifications to this indicator so while it looks the same as the original, it has been fine-tuned to deliver the best results when trading this system.

Using the Wilder RSI Indicator

This indicator is designed primarily for confirming the trade signals we receive when trading this system.

As you can see on the image above, there are two key levels we will be monitoring when trading this system. These levels are at 70 and at 30 and are shown by the dashed white lines. The actual Wilder RSI line is Orange in color and will usually oscillate between the upper and lower levels as price moves forward on your charts.

So, we are going to look for the Wilder RSI to be above the 70 levels when we want to enter a Sell trade and we want the Wilder RSI to be below the 30 levels when we want to enter a Buy trade.

Remember that we will combine this signal together with readings from the rest of our indicators to identify the best opportunities to trade.

If the Market Direction and Envelopes indicators are in alignment, the Wilder RSI serves as an excellent confirmation of a trade signal.

What is the 7 EMA?

This is standard Moving Average indicator that has been set to Exponential with a Period setting of 7 applied to the Close. When trading the Quattro Case Envelopes system, we will be using this indicator to identify our Entry points.

Using the 7 EMA Indicator

This indicator is used primarily for identifying the areas where we will enter the market with either a Buy trade or a Sell trade. Here’s how it works…

Once we have confirmed the Bur or Sell trade signal using the rest of the indicators in our system we need to wait until price closes either above or below the 7 EMA to identify the ideal place to enter the trade.

For a Buy trade we wait for a candle to close above the 7 EMA and we enter the trade at the open of the next candle (provided that all other rules/conditions have been met).

For a Sell trade, we wait for a candle to close below the 7 EMA and we enter the trade at the open of the next candle. Once again, we only proceed to enter the trade provided that all other rules/conditions have been met.

Buy and Sell Trade Rules

Buy Trade Rules

  1. The Direction indicator should show a Bullish direction.
  2. Wait for price to test (or touch) the lower envelope band.
  3. Check and confirm that the Wilder RSI is below the 30 level.
  4. Wait for price to close above the 7 EMA.
  5. Enter a Buy trade at the open of the next candle.
  6. Place your Stop Loss below the most recent low.
  7. Place your Take Profit at double the number of pips away from your entry as your Stop Loss (1:2 Risk/Reward Ratio).

Sell Trade Rules

  1. The Direction indicator should show a Bearish direction.
  2. Wait for price to test (or touch) the upper envelope band.
  3. Check and confirm that the Wilder RSI is above the 70 level.
  4. Wait for price to close below the 7 EMA.
  5. Enter a Sell trade at the open of the next candle.
  6. Place your Stop Loss above the most recent high.
  7. Place your Take Profit at double the number of pips away from your entry as your Stop Loss (1:2 Risk/Reward Ratio).

How to install Quattro Cash Envelopes Trading System?

  • First of all download, the Quattro Cash Envelopes Trading System.zip
  • Copy mq4 and ex4 files to your Metatrader Directory/experts/ indicators /
  • Copy the tpl file (Template) to your Metatrader Directory/templates/
  • Start or restart your Metatrader software.
  • Select Chart and Timeframe where you want to load the tpl file.
  • Now load the tpl file from template section then you will see the Quattro Cash Envelopes Trading System on your Chart.

Click here below to download: