Strategy: 3/12 Tunnel

The three/12 Tunnel is a trend-following strategy. This simple approach utilizes 3 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%.

Really useful Timeframe

This strategy is adaptable to varied timeframes, including H1, H4, and Day by day. Although it could possibly be applied to timeframes lower than H1, optimal results are typically achieved inside the H1, H4, and Day by day timeframes.

Trade Details

Currently, the three/12 Tunnel strategy has identified a trading opportunity on the AUD/CAD pair inside the H4 timeframe. I’ve shared a trade setup image on your reference. The main points of the trade are as follows:

• Pair: AUD/CAD
• Timeframe: H4
• Buy Stop: 0.90930
• Stop Loss (SL): 0.90658
• Take Profit (TP) 1: 0.91315
• Take Profit (TP) 2: 0.91610
• Take Profit (TP) 3: 0.91995

Lot Size

For risk management, make sure you don’t risk greater than 2% of your account per trade. For example, with a $10,000 account, the utmost risk ought to be $200.

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To Your Success!
Tim Morris

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Tim Morris is a earn a living from home dad, home-based forex trader, author and blogger by passion. He likes to research and share the most recent foreign currency trading strategies and forex indicators on ForexMT4Indicators.com. His passion is to let everyone to give you the chance to learn and download various kinds of foreign currency trading strategies and mt4/mt5 indicators at ForexMT4Indicators.com