I just finished a script. It is running live now and I have little to do about it. I am looking for a new project, but I need some inspiration. I have a temproray writers block… Does anyone know a decent strategy for ranging market?
I prefer to trade the M1 eurusd, but nothing in this world is really cut in stone. Maybe you are trading a system manually and want to have it automated.
Note: This does not mean that I am going to code everything you throw at me.
I have found trading off bollinger bands on these lower time frames to be successful. It is more of a breakout strategy but you can trade the range within the bands. However, I usually look for a consolidation and a breakout. Using this while looking at trends on longer timeframes has worked for me.
The truth here is: there are some qualities that must be borne by all business owners - no matter what type of business they’re engaged in. On the other hand, online trading requires some unique skills and principles that mayn’t be relevant to other businesses. That’s why many people who’ve gone to business schools find online trading a big challenge, until they learn how the markets really work.
Does anyone know a decent strategy for ranging market?