DislikedI think that people has a tendency to over-complicate things when at the beginning things are simple. The market has only 2 states, Trending or Ranging. Ranging is a flat market while when it trends, it can go up or down. So, from this finding, you have 3 possible scenarios: The market is flat. The market is in an up trend. The market is in a down trend. From there, if you can write an EA capable of performing the best it can in all those scenarios and you have the test data where all those scenarios are present, you will be well and you will also...Ignored
How about an EA works on ranging, designed based on
- BB, Envelop as tunnel
- Zigzag as high (resistance), low (support) point
- Trending signal for order direction
- When touch the high and low point, then open reverse order
- the multiple order open with dense pips(20~30pips), and maximum order numbers limited by daily range
- Basket or Equity % DD control
A scalping with ranging net idea. How do you guys think about this? Is it workable?
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