Web19/6/ · Vegas Tunnel Trading is a trading system developed to trade the Forex market on the 1-hour charts. Later, Barry also adjusted the system to work on the 4-hour Web1) When the black dots are above the tunnel, initiate short positions. When the black dots are below the tunnel, initiate long positions. It is important to remember that just 19/6/ · Vegas Tunnel Trading is a trading system developed to trade the Forex market on the 1-hour charts. Later, Barry also adjusted the system to work on the 4-hour chart and daily 1) When the black dots are above the tunnel, initiate short positions. When the black dots are below the tunnel, initiate long positions. It is important to remember that just because the ... read more
TouchPipSell Pip Distance to touch trend line. SlTrail Trail in point. StaticLot Position static size if you have no risk. MinLot Minimum Position size. MaxLot Maximum Position size. MaxSpread Max Spread to allow tradeing. This is just another version of the well known Super Trend indicator. The code is simplified but it has the same output on the chart screen.
A dynamic version of the standard Heikin Ashi indicator code compatible with both MQL4 or MQL5. MetaTrader 5 Experts Indicators Scripts Libraries MetaTrader 4 Experts Indicators Scripts Libraries Storage. Watch how to download trading robots for free.
Interesting script? So post a link to it - let others appraise it. You liked the script? Try it in the MetaTrader 5 terminal. to pocket. Basically this trading technique is to open three equal positions if the trading platform permits the trader can also open a position divided into three parts which can be closed independently.
Each trader can decide how to work with each position. It can be used in many markets, including Forex any currency pair , precious metals gold and silver , indices and other. The methodology of this system is quite simple. Initially three exponential moving averages EMA are plotted on 1 hora chart:. Analyzing the price chart we can see that once the price breaks the tunnel from above downtrend , a short position is opened which is left open until the price reached the first Fibonacci number, in which the first position part is closed.
Then the envelopes on the EMA of 28 periods are calculated based on the Fibonacci series. In this case, Vegas uses the following numbers: 89 , , , , , Today there are programs such as Expert Advisors for Metatrader 4 which automatically calculate and draw these envelopes in a chart, but we include this calculation to illustrate how this methodology works.
Thus, if you want to calculate three envelopes then you have to add and subtract to the EMA of 24 periodos the values of 89 , and pips. From its inception, the Vegas system has used a typology for currency pairs, through which it recommends the following envelopes depending on the pair being analyzed:. With this, we try to illustrate how this methodology can be applied to other instruments and not only to Forex.
Position opening Now that we have calculated the envelopes and have drawn these lines on the chart, there will be a signal of a possible entry every time the asset price reaches a certain envelope, especially those indicated below for each instrument in which we trade. If we observe the conditions described above in the analyzed chart, the procedure is as follows:.
The tunneling strategy is a multicurrency trading system for which the recommended time interval is considered to be one hour H1 chart, but, if desired, it can be used on M15 charts for scalping purposes. When trading at shorter intervals, you should clearly understand that there will be more false signals. The following standard indicators are used in this strategy:. The tunnel, consisting of two red lines, forms the moving average EMA , the periods of which are 18 and With their help, the beginning, as well as the end of the trend, are determined.
A trade needs to be opened only when the red tunnel on the chart is severely narrowed or the red lines intersect. The buy signal is given at the moment when the average WMA, the period of which is 5 and 12, crosses the red tunnel emerging from the two EMAs upwards Picture 1. The strongest signal is considered to be the moment when the installed moving average WMA with period 5 crosses from the bottom up WMA with period In a situation where the average 5 and 12 WMA cross the red tunnel from the two EMAs from the top down, a short trade should be concluded Picture 2.
A particularly strong signal is indicated by the moment when the average 5 WMA and 12 WMA are cut from top to bottom. Please note that in both scenarios — RSI for sale should be below the value of 50 and for buy above the value of 50 Picture 3. It is also necessary to immediately close the trading position just after the boundaries of the red tunnel cross each other or there is a significant narrowing.
This moment is a clear sign of a reversal of the trend. Close the position after this signal appears, open to the other side reverse. Do not close the trade until the red tunnel lines cross each other. Save my name, email, and website in this browser for the next time I comment. The following standard indicators are used in this strategy: Exponential moving average EMA Period 18 should be painted red ; Exponential moving average EMA Period 28 — it is necessary to also paint it red ; Sliding average Linear Weighted — WMA Period 5 — should be painted blue ; Sliding average WMA Period 12 — yellow ; Indicator of RSI There are the following rules for concluding a trade on this strategy: A trade needs to be opened only when the red tunnel on the chart is severely narrowed or the red lines intersect.
The basic rules for closing a trading position The end of the trend is indicated by the following signals: long positions — when the price peaked on the chart, and the moving average WMA 5 crosses the WMA 12 from the top down.
In this case, it is necessary to close the trading position at the current market price. short positions — when the price has reached the bottom on the chart, and the moving average WMA 5 crosses the average WMA 12 from the bottom up.
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1) When the black dots are above the tunnel, initiate short positions. When the black dots are below the tunnel, initiate long positions. It is important to remember that just because the Web19/6/ · Vegas Tunnel Trading is a trading system developed to trade the Forex market on the 1-hour charts. Later, Barry also adjusted the system to work on the 4-hour Web1) When the black dots are above the tunnel, initiate short positions. When the black dots are below the tunnel, initiate long positions. It is important to remember that just 19/6/ · Vegas Tunnel Trading is a trading system developed to trade the Forex market on the 1-hour charts. Later, Barry also adjusted the system to work on the 4-hour chart and daily ... read more
From its inception, the Vegas system has used a typology for currency pairs, through which it recommends the following envelopes depending on the pair being analyzed:. Exit position at the oppiste arrow or at the profit target predetermided. Swing Trading with Fibo. TouchPipSell Pip Distance to touch trend line. BUY or SEll depended on the market situation. You can take a look at the historical charts and see for yourself how this approach played out very nicely in the past. Description: Smart tunnel is a smart ea that uses the Zigzag indicator to find out sensitivity situation of market price.
Home » Trend Following Indicators tunnel trading forex Free Forex Indicators MT4 » Tunnel Indicator. Moving averages are calculated by taking the simple average of the closing price. The tunnel, consisting of two red lines, forms the moving average EMAthe periods of which are 18 and FRAMA Indicator. A trade needs to be opened only when the red tunnel on the chart is severely narrowed or the red lines intersect, tunnel trading forex.