Range Sniper Trading System with EA

Trading Systems Free Forex Trading Systems
1

Hey Guys,

I have made my own system, and refined it over a few years and want to share it with you guys.

TimeFrame: H4 (can work with smaller time frames but is less accurate then)

Indicators:
Bollinger Bands (20;2;0 [default])
Stochastic Oscillator (5;3;3 [default]) - levels 20 + 80

The idea behind this system is to trade the swings of the market. Swings are inevitable. Even in trends it always swings back down for a bit and goes back up. This system takes advantage of it. It works best during Ranging markets, but still works well in trending markets as well.

Buy:
When price goes below the lower BB band, and closes ABOVE it
And Stoch must be oversold (below 20)

Sell:
When price goes above the upper band, and closes BELOW it
And Stoch must be overbought (above 80)

Range Sniper Strategy.jpg700Ă—337 59.5 KB

Exits:
when the price closes on the other side of the Middle BB Band. (so above the middle band for a BUY, and Below the Middle Band for a Sell)

this is a double swing movement confirmed and very powerful! with very little losses. there are some losses of course but the profits win a lot more than the losses.

I have made an EA for this and it has proven extremely helpful because on a number of occasions I have missed out on good trades because I was either asleep or busy at the time. it really helped when I was away on holiday as well because it made all the trades for me, so that I didn’t have to be by my computer.

I don’t want to post it up here as I don’t want thousands of these floating around. I want this to be given to serious traders who are looking to profit from forex. If you do want this EA, throw me an email me at <[email protected]>. It is completely free, I just want to give it to people who really want it.

Give this strategy a test! I know you wont be disappointed :slight_smile:

Happy Trading!
Dupls

1 Like
2

Hi,
This looks clean and straightforward and makes sense.
What pairs do you usually trade? And what do you typically use as a stop loss?
Thanks!

3

GBP/USD tends to be the best performing with this strategy.
EUR/USD, EUR/JPY, doesn’t do too badly.
GBP/JPY has some big wins but also has some big drawdowns

We don’t really use a stop loss as sometimes the trend carries on a bit and comes back. and sometimes that stops out the good trades.

And bacon does always make it better :slight_smile:

4

Interesting. With no Stop Loss, how do you decide your position size?

5

You can always play with Stop Losses of course, even with the EA. Just manually going back i can see that it would have stopped a lot of good trades. But I suppose it would have prevented more losses too so it’s hard to tell.

I usually use 0.02 Lots per $100 Balance. That is really conservative though seeing as the trades are not that frequent. So you could easily go higher. Just watch out for those drawdowns.

6

appear to be the 10 pips strategy from Urban forex.
10 Pips Per Day Scalping Strategy - Urban Forex

7

Except the strategy at Urban Forex is clearer and has some subtle but very important differences.
And, of course, the one at Urban Forex ISN’T just a sales pitch to get us to join their broker of choice.

1 Like
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