![]() ![]() Profit-taking levels are also based on the Fibonacci sequence, with the 55, 89, 144, 233, and 377 numbers used to take partial profits. However, the backbone of the system is two exponential moving averages (the 144 EMA and the 169 EMA), and the 12 EMA that acts as a filter for trades. Barry tried to include tested methodologies in the Vegas system to make it as robust as possible. The system is partly based on Fibonacci numbers and Gann squares. Later, Barry also adjusted the system to work on the 4-hour chart and daily charts for traders who don’t have the time to follow the 1-hour chart. Vegas Tunnel Trading is a trading system developed to trade the Forex market on the 1-hour charts. ![]() Barry worked at the Mid America Commodity Exchange as a newbie trader where he thought about how the markets operate and what trading systems would generate the best results.ĭo complex systems really generate better returns than simple ones? What if a simple system could provide a rule-based methodology to enter and exit the markets, and lock in profits as a position goes in the trader’s favor? He included all this in his well-known Vegas Tunnel Trading System. The Vegas Tunnel Trading System was developed by a famous Forex trader named Barry Haigh.
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