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Old 06-26-2007, 01:21 PM
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Range Trading (non-trend) system needed

Hi everyone!
I'm in desperate need of help.

I need a system that works well during non-trending (ranging) market.

Do you know any?

small PS:
If you know such a system but there isn't an EA for it, I'll be willing to write one.
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MQL4 programming is easy ^^

Last edited by Shinigami; 06-26-2007 at 01:22 PM. Reason: small PS
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Old 06-26-2007, 02:41 PM
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newdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud of
Just for information:

- Forex Market Conditions Forex Market Conditions, a graphic depiction

- evaluation of the market condition using six SMA indicators: Forex Trading With Simple Setup

- how to estimate and predict the market conditions (choppy, trend etc): the post with many links.

- market condition evaluation (incl choppy zones) and prediction using MTF_AbsoluteStrength_v1 indicator: original thread with indicators, live trading results and images; how to use indicator (rules): read all the pages starting from this page till this one.
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Old 06-26-2007, 03:33 PM
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Thanks! I'll be looking further into it.
Still, if anyone has an EA that works fine during ranging and choppy market, that would be nice.
IMHO: it should have a small profit target, very small drawdown, big stoploss and no trailing stop. It should not be a scalper. Something like trading daily.
I'll prefer to stay out of the market during flat and I can make good money on trending market.
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MQL4 programming is easy ^^

Last edited by Shinigami; 06-26-2007 at 03:37 PM.
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Old 06-26-2007, 04:05 PM
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I think you may look at threads about Ichimoku indicator. This indicator is very good for H4 and D1.
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Old 04-11-2008, 06:05 AM
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Is this indicator or EA ?
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Old 04-11-2008, 06:21 AM
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Quote:
Originally Posted by vladv View Post
Is this indicator or EA ?
It is an indicator, a good indicator to measure market condition. Look at thread start by New Digital how ichimoku works, Or else you can visit ichiwiki by kumotrader.
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