Range Trading with Pattern Indicators
Range Trading with Bollinger Bands, ADX and Pattern Indicators to help close out losses early
This one takes advantage of a sideways market and has two added candle pattern indicators to help it close out when its heading in the wrong direction.
Lets face it, we can’t win them all, but we can try to limit the losses and take full advantage of the wins.
The Settings
Currency Pairs: EURUSD
Candle Period: 5 Mins
Strategy Draw Down: 80 PIPS
Trade Stop Loss: 15 PIPS
Strategy Take Profit: 5000 PIPS
Trade Take Profit: 150 PIPS
Import Code
The easiest way to get this strategy is to use the import code below
76c8dfa7-a21a-4e46-9826-e92efbee21e5
Feel free to edit the algorithms to see if you can get better results
If you haven’t already got a Tekton Demo account – you can signup for one free here
Please note that these example strategies are purely for educational purposes and should not be considered as being recommended for you to use or as if Tekton Algotrading or any of its officer’s is providing advice. The purpose of supplying our clients with example strategies is to ensure they can become acclimatised to using the Tekton software and develop their own strategies and trading plans so as to meet their personal investment profile.
Once you have created your own trading plan you can then fine tune it to your satisfaction following a number of historical tests until you feel confident of trading them live. Past performance is not an indication of future results.