Forex Tunnel Wonders Scalping Strategy
Forex Tunnel Wonders Scalping Strategy:
Setting for 15min Time Frame
Currency pairs:any.
Scalping with the tunnel 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 Rules
1. The blue dot of Entry_Signal appears as a sign of buying.
2. The price is likely at support level of any band.
3. The level of the Stochastic is at the oversold level and waiting for the cross.
4. The %R confirm oversold level.
Short Entry Rules
1. Red dot Entry_Signal appears for selling signal.
2. The price encounter with resistance (any level of band).
3. The level of the Stochastic is at the overbought level and the stochastic cross.
4. %R confirm the overbought level.
Stop loss:
for buy 5 pips below the previous swing.
for sell 5 pips above the previous swing.
Profit Target 6-15 pips depend by currency pair o when the price touches the white moving average.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Tunnel Wonders Scalping Strategy?
- Download Forex Tunnel Wonders Scalping Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Tunnel Wonders Scalping Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
