I will update this thread if I got more ideas.

Hi all,

This EA is still very raw and only basic concept.
Back tested it and seems to have some potential in it.

Hope you guys here can contribute.

Tested on EURUSD H1 (15/02/2009 - 19/04/2009)
Done some simple optimization

Ranger.mq4 is the indicator (optional for visual checking)
RangerBreak.mq4 is the EA

Ideas 08/05/2009
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Try coding this strategy.
1. Partial close half position with 1 x ATR TP
2. Move stop to open price
3. Trail the rest with ATR trailing stop


Implemented
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19/05/2009 - Money Management

Regards