SMA Tunnel
Last updated
Last updated
Indicators:
(233, 0, high) with levels: 15, 89, 144, 233, 362 (green channel)
(233, 0, low) with levels: -15, -89, -144, -233, -362 (red channel)
Key conditions:
The timeframe for analysis and control should not be less than M30. A more reliable entry occurs when the next level is broken. Divide the position into 3-4 equal parts and set Take Profits (TP) at consecutive levels of 89 (-89), 144 (-144), 233 (-233), and 362 (-362). The initial Stop Loss (SL) for all orders is placed at the first level beyond the tunnel. Subsequently, adjust SL to the opening level or significant power levels.
BUY conditions (all conditions must be met):
The price breaks the upper boundary of the main channel from below to above.
The candle closes above the level of 15.
SELL conditions (all conditions must be met):
The price breaks the lower boundary of the main channel from above to below.
The candle closes below the level of -15.
Exit criteria:
Exit the trade when the SL or TP is hit. Reverse trades are possible on a pullback with a breakdown of 1 to 2 levels.
Open a chart with a timeframe of M30 or higher. Apply the SMA indicator with a period of 233, setting one to use the high price with levels of 15, 89, 144, 233, and 362 (green channel) and another to use the low price with levels of -15, -89, -144, -233, and -362 (red channel).
For a BUY trade, wait for the price to break the upper boundary of the green channel and close above 15. Divide your position into 3-4 equal parts and set TP at levels 89, 144, 233, and 362. Place the initial SL at the first level below the tunnel. Adjust SL as the trade progresses.
For a SELL trade, wait for the price to break the lower boundary of the red channel and close below -15. Divide your position and manage TP and SL similarly. Exit trades when SL or TP is reached or enter reverse trades on a pullback with a breakdown of 1 to 2 levels.
