The USDCAD Range Trading Strategy is an H1-based expert advisor designed to capitalize on price fluctuations within a defined range. This strategy relies on multiple technical indicators, including the Relative Strength Index (RSI), DeMarker, and Awesome Oscillator, to identify potential entry and exit points. Here is overview of the strategy:
- Lot Size (Entry Amount): 0.10 lots
- Stop Loss: 180 pips
- Take Profit: 120 pips
- Indicators Used:
- Relative Strength Index (RSI)
- Period: 10
- Level: 30 (used for oversold conditions)
- DeMarker Indicator
- Period: 18
- Level: 0.30 (interpreted as an oversold threshold)
- Awesome Oscillator (AO)
- Two levels:
- -0.1000 (bearish threshold)
- 0.1000 (bullish threshold)
- Two levels:
- Relative Strength Index (RSI)
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robots.
Disclaimer: This Range Trading Strategy EA is for educational purposes and is free to download. Get the USDCAD Trading Strategy EA and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.
