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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