I am staring a thread on how to Trade Ranging Markets. I have a System that mainly trades Trends (Please follow the Link if interested)
http://www.forexfactory.com/showthre...34#post8934834
but I was always missing out on how to trade Range Markets and I have found the answer in Martingdale.Its quite simple really.
1.Identify the Pairs that are about to go in a Range Mode on Hrly Time frame.
2.Make sure there is no Major News that may trigger a Trend on the Pair.
3.Trigger your Martingdale EA to trade only those pairs and set a profit TARGET ON THE PAIR depending on your Anaylsis.
4.Once your TARGET is reached , shut down the EA and wait for another opportunity..DO NOT KEEP THE EA RUNNING LONGER THAN NECESSARY.
As a Golden rule which applies to both Trend EA Trades and Range EA Trades
NB:Never Switch on any EA unless you have done the analysis ..You can NEVER code ALL market conditions
http://www.forexfactory.com/showthre...34#post8934834
but I was always missing out on how to trade Range Markets and I have found the answer in Martingdale.Its quite simple really.
1.Identify the Pairs that are about to go in a Range Mode on Hrly Time frame.
2.Make sure there is no Major News that may trigger a Trend on the Pair.
3.Trigger your Martingdale EA to trade only those pairs and set a profit TARGET ON THE PAIR depending on your Anaylsis.
4.Once your TARGET is reached , shut down the EA and wait for another opportunity..DO NOT KEEP THE EA RUNNING LONGER THAN NECESSARY.
As a Golden rule which applies to both Trend EA Trades and Range EA Trades
NB:Never Switch on any EA unless you have done the analysis ..You can NEVER code ALL market conditions