The Tunnel Forex Scalping Strategy

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The Tunnel Forex Scalping Strategy

This is a system that is useful in a 15 minute timeframe and is applicable to any currency pairs. This system used TC wonders indicator. Moving Averages is also used in this strategy as a partner to get a better entry.

Metatrader Indicators:

  • Moving average LWMA 10 with levels (300, 450, 600, -300, -450, -600), shift 3, price applied to close;
  • William’s percent range (35);
  • Stochastic (21, 8, 5, High/low);
  • TC Wonders (TC Wonder it’s a repaint indicator which must be confirmed).

Long Entry:

  • The blue dot of Entry_Signal appears as a sign of buying.
  • The price is at he support level of any band.
  • The level of the Stochastic is at the oversold level and waiting for the cross.
  • The %R confirm oversold level.

Short Entry:

  • Red dot Entry_Signal appears for selling signal.
  • The price encounter with resistance (any level of band).
  • The level of the Stochastic is at the overbought level and the stochastic cross.
  • %R confirm the overbought level.

Stop loss:

  • for buy 5 pips below the previous swing.
  • for sell 5 pips above the previous swing.
  • Take profit at 6-15 pips depend by currency pair or when the price touches the white moving average.

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