Scalping with Tunnel is a forex trading system developed by combining popular technical indicators. Scalping with Tunnel is really a simple way to trade in the forex market. This forex trading system has made the scalping in the forex market easier, it would have been a headache for the newbie traders otherwise. The beauty of Scalping with Tunnel lies in its simplicity and clarity in generating trading signals. You don’t have to look here and there in the corners to get the amazing trading signals. You just need to look at the chart and this trading system will let you know when to enter in the market and when to exit.
There are two technical indicators at the main chart window and another two in the indicator window. When the Scalping with Tunnel is correctly loaded on your trading platform, your chart should look like this:
1) Moving Averages
Moving Averages need no any description as it is one of favorite indicators of the traders of today. It’s is widely used by trend following traders. Here, in this forex trading system, this indicator can be used to figure out the major trend of the market.
2) TC wonders
TC Wonders is the blue and red arrows that you can see in the main chart window. It is the main signal generator indicator of this forex trading system as we will be buying/selling based on these arrows. We will be buying when we see a blue arrow and vice versa.
3) Williams’ percentage range
Williams’ percentage range consists of two oscillators; a blue oscillator and a dotted white oscillator. The crossovers of these two oscillators can be used to generate trading signals.
Buying Conditions Using Scalping with Tunnel System.
- Market level should be above the white moving average.
- The TC Wonders (blue arrow) should appear below the market price.
- The Williams’ percentage range oscillator should be trending higher.
- The blue oscillator of Stochastic should cross above the dotted white oscillator.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the TC Wonders (red arrow) appears above the market price.
Selling Conditions Using Scalping with Tunnel System.
- Market level should be below the white moving average.
- The TC Wonders (red arrow) should appear above the market price.
- The Williams’ percentage range oscillator should be trending lower.
- The blue oscillator of Stochastic should cross below the dotted white oscillator.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the TC Wonders (blue arrow) appears below the market price.
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