Is Range Trading Strategy effective and successful

[Papzen]

Range trading is when you play between highs and lows, therefore, called "Range Trading". What about spicing it up with pending orders as follows:

Pending Order Range Trading:

- Determine the widest range currency pairs
- Set the following pending orders:
* Execute Buy limit: compare the previous high/low and add/deduct 50 pips
* Execute Sell limit: compare the previous high/low and add/deduct 50 pips

 

[mwangid]

Range trading is when you play between highs and lows, therefore, called "Range Trading". What about spicing it up with pending orders as follows:

Pending Order Range Trading:

- Determine the widest range currency pairs
- Set the following pending orders:
* Execute Buy limit: compare the previous high/low and add/deduct 50 pips
* Execute Sell limit: compare the previous high/low and add/deduct 50 pips

Trend is key