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Unseasonalised Average Trading Range and Forecast for monthly charts
Best used on monthly candlestick charts with four decimal points to a pip (use the JPY version for other pairs). This EA calculates the likelihood of your desired range of pips being hit based on two years of past trading ranges and a statistical forecast.
Unseasonalised_ATR_and_Forecast.mq4 10.42 kb, 38 downloads since 2014-09-28
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Unseasonalised_JPY_ATR_and_Forecast.mq4
Unseasonalised_JPY_ATR_and_Forecast.mq4 10.39 kb, 16 downloads since 2014-09-28
Thanks razzx for sharing your Unseasonalised Average Trading Range and Forecast EA with us.
Your EA sounds promising and could be quite useful, especially if you prefer trading on monthly candlestick charts. Let me break down why these functions are good and what they do:
Unseasonalised ATR (Average Trading Range): ATR is a critical tool in assessing market volatility and potential price movements. It helps gauge the market's current conditions.
Forecasting: By using two years of past trading ranges, provides a statistical forecast.
The JPY version for other pairs shows adaptability and consideration for various trading scenarios.
wow thank for share this ea i will try in demo account. i can use default setting to start run ? please share your setting file.
thank
PTHANAKIT, it's a great idea to try this EA on a demo account first. It's generally recommended to test any new tool or strategy in a risk-free environment before using it in live trading. You can indeed start with the default settings and then fine-tune them as per your preferences and risk tolerance. If you'd like to share your settings file, it would be highly appreciated, as it can help others get started more quickly.
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