Print
Pinterest
Gmail
Email App
Pinterest
Pinterest
Pinterest
Pinterest
Log in or register to download unlimited Forex robots!
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.
Break_the_Range_Bound.mq4 5.86 kb, 34 downloads since 2014-09-28
Join the MT4talk Telegram channel: https://t.me/MT4talkchannel
Join the MT4talk Telegram group: https://t.me/+XcwLRi9oFOJhYjlk
Watch videos from the MT4talk YouTube channel.
https://www.youtube.com/@MT4talkForexForum/videos
RangeBoundMA.mq4
RangeBoundMA.mq4 4.84 kb, 23 downloads since 2014-09-28
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).
Profit posts by forum members!
Why don't many people post their daily winning results?
MT4talk PRO members can Turn off MT4talk daily winning result post requirements for $49.99 / month. More info...
Latest profit posts from the Trade Executor EA users.
By using the MT4talk website, you automatically agree to the Forum Rules & Terms of Use, as well as the terms below.
Everything you see on the MT4talk website is created by its users, mainly the members of the MT4talk forum.
What is MT4talk?
MT4talk is an online Forex forum with over 5000 Forex robots and over 3000 Forex indicators uploaded by forum members in the last 10 years, available to download from forum posts. The Uploaded file does not come with support.
The website doesn't sell Forex robots and doesn't provide support for the ones you download. MT4talk offers a PRO membership, allowing you to download unlimited files from forum posts. Even though the site usually doesn't provide support for downloaded Forex robots, if you're new to Forex and need help, you can buy the MT4talk dedicated support membership from the MT4talk forum. The MT4talk Dedicated support subscription is only available for purchase for MT4talk PRO members.
The MT4talk Team also provides an Artificial Intelligence Forex robot called "MT4talk Forex AI Signal - Trade Executor EA" to PRO members. However, this Forex robot is only a bonus and is not included in the original PRO membership.
Updates for the Forex robots may be limited or nonexistent, depending on the creator. If you choose to download any Forex robot or setting file from the forum, you acknowledge that you are using it at your own risk. MT4talk PRO membership is a digital product. Therefore, after you complete the PRO membership purchase, there is no refund available!
We are conducting real-life tests on Forex robots to assess their performance. For certain robots, we may use a demo account to conduct tests, and for other Forex robots, we may use a real Forex account. It's essential to recognize that we are not financial advisors and cannot provide investment guidance. Our objective is to discover effective market analysis solutions through testing various strategies, which could be beneficial to our community.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The website may have links to partner websites, and if you sign up and trade through these links, we will receive a commission. Our affiliate partners are FXOpen, FBS, LQDFX, and MyForexVPS.
Copyright MT4talk.com Forum Rules - Privacy Policy.