The Tunnel Forex Scalping Strategy

September 15, 2016

6540

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.

Forex Trading Strategies Installation Instructions

The Tunnel Forex Scalping Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.

The essence of this forex strategy is to transform the accumulated history data and trading signals.

The Tunnel Forex Scalping Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust this strategy accordingly.