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SMA Trio Strategy: Seizing Range Breakouts
It based on the different prices among the 3 SMA lines that the periods are 38, 140 and 210. When the price breaks the highest or lowest price during the range bound, it is the just time to place order.
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MT4talk © Forex AI Signal - Trade Executor EA!
this is a good indicator for strategies that work on BB reverse and need low volatility
NEW Bonus to MT4talk PRO Members!
MT4talk © Forex AI Signal - Trade Executor EA!
About Break_the_Range_Bound.mq4
https://mt4talk.com/viewtopic.php?pid=508#p508
This EA is designed to capitalize on a specific market scenario; when prices seem to be stuck in a range-bound pattern, moving up and down within a relatively tight range. Range-bound markets can be frustrating for traders because they lack clear trends, making it challenging to decide when to enter or exit trades. That's where this EA comes in.
If you're someone who prefers a more patient and calculated approach to trading, the Break the Range Bound EA could be for you. This EA is best suited for a strategy known as "range trading" or "mean reversion."
In range trading, you're looking to profit from the price oscillations within a defined range. When the market is in a range-bound state, prices tend to bounce between support and resistance levels. The EA helps you identify opportune moments to enter the market when it's near these levels, increasing the likelihood of capturing profits as prices revert to the mean (the middle of the range).
This EA is particularly useful for traders who don't want to be constantly glued to their screens, analyzing charts all day long. It automates the process of identifying range-bound conditions and executing trades when the time is right.
However, keep in mind that range trading can be less profitable when markets are in strong trends, so it's important to use this EA in the right market conditions. It's also important to set it up with the recommended parameters, such as the FastSMA, MidSMA, and SlowSMA values, as well as the lot size, minimal balance, and time frame, to optimize its performance for this specific strategy.
About Break_the_Range_Bound.mq4
https://mt4talk.com/viewtopic.php?pid=508#p508
This EA is designed to capitalize on a specific market scenario; when prices seem to be stuck in a range-bound pattern, moving up and down within a relatively tight range. Range-bound markets can be frustrating for traders because they lack clear trends, making it challenging to decide when to enter or exit trades. That's where this EA comes in.
If you're someone who prefers a more patient and calculated approach to trading, the Break the Range Bound EA could be for you. This EA is best suited for a strategy known as "range trading" or "mean reversion."
In range trading, you're looking to profit from the price oscillations within a defined range. When the market is in a range-bound state, prices tend to bounce between support and resistance levels. The EA helps you identify opportune moments to enter the market when it's near these levels, increasing the likelihood of capturing profits as prices revert to the mean (the middle of the range).
This EA is particularly useful for traders who don't want to be constantly glued to their screens, analyzing charts all day long. It automates the process of identifying range-bound conditions and executing trades when the time is right.
However, keep in mind that range trading can be less profitable when markets are in strong trends, so it's important to use this EA in the right market conditions. It's also important to set it up with the recommended parameters, such as the FastSMA, MidSMA, and SlowSMA values, as well as the lot size, minimal balance, and time frame, to optimize its performance for this specific strategy.
RangeBoundMA.mq4
- Indicator
https://mt4talk.com/viewtopic.php?pid=510#p510
The RangeBoundMA Indicator is designed to identify trading opportunities based on the concept of price range. It focuses on three Simple Moving Averages (SMA)-Fast, Mid, and Slow; to determine when the price is trading within a specific range.
FastSMA, MidSMA, SlowSMA settings allow you to define the periods for the three SMAs that the EA uses. When the Fast SMA is greater than the Mid SMA, and the Mid SMA is greater than the Slow SMA (or vice versa), it signals that the price is within a specific range.
The EA calculates the Moving Average Convergence Divergence (MACD) based on the differences between these chosen SMAs.
The OsmaBuffer represents the MACD values divided by the Point and then divided by 10.
Recommended Trading Strategy for You:
Range-Bound Trading
The EA's primary function is to identify when the price is trading within a specific range. It does this by comparing the Fast, Mid, and Slow SMAs.
When the EA detects that the price is within a defined range, it provides you with potential entry points. You can consider going long (buying) when the Fast SMA is greater than the Mid and Slow SMAs, and consider going short (selling) when the Fast SMA is less than the Mid and Slow SMAs.
To effectively implement this strategy, it's advisable to have a minimum balance of $1,000 in your trading account.
The optimal time frame for this strategy is H1 (1-hour).
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