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Narrowest Range

Narrowest Range

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Parameters:
  • Bars in Range - number of bars for calculation of the range (the current bar).
  • Check Period - period of the minimum range detection.
  • Order Indent from High / Low - at what distance in pips from the upper and lower boundaries of the range to set stop orders.
  • MM Mode - money management mode. There are two variants: 1) fixed lot, 2) fixed percentage from free margin (in this case it is equivalent to a fixed percentage of the deposit)
  • Volume (Lot or percent) - volume of order. Depending on the previous parameter it is either lot size, or percentage value.
Testing results at EURUSD H4 since January, 2012 until now (March, 2013), deposit $10 000:
1. Fixed lot (0.5):

2355105
Author
Salvador
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