RangeBand MT5

THE CONCEPT - INTRODUCTORY PRICE @ $499.99 ONLY!!!

There are 3 terms that you'll normally come across in trading:

1. Support and Resistance / Supply and Demand
2. Trend
3. Crossovers

Many traders use a combination of one or two of the above mentioned to form their unique trading strategies because with them included, traders are able to make sound analysis and therefore predictions.

RangeMAX trades based on a strategy that uses ALL THREE elements mentioned above!

SETFILE: https://www.mql5.com/en/market/product/109370#!tab=comments&page=1&comment=50901214

LIVE SIGNAL (2-PAIRS): https://www.mql5.com/en/signals/2217498

CONFIGURATION

To start trading with RangeBand, you can either use the Setfile found under the Commensts section or you can also scroll down to the "Strategy" part under the EA's Settings page, and you can change and/or tweak the settings to your liking. In order to do that, the Settings have been designed with minimum learning curve in mind:

1. First, define your Entry Settings. You can choose whether RangeBand opens the position at Market Price, or as a Pending Order. After which, decide if you wish to use FixedLots for your positions or if you would like RangeBand to manage the LotSizes for you with "Use_BalancePercent".

2. You should also know if you choose not to have "Use_Recovery" set True, RangeBand will only open one position at any time, and you can define your SL and TP for those positions under "SP_SL_Pips" and "SP_TP_Pips" accordingly.

3. Finally, decide on "Risk Management" by setting "Use_Recovery" to True, then RangeBand will attempt to balance losing positions using an Advanced Recovery System, and/or if you would like RangeBand to close positions using "Use_TPTrend", "Use_TPRange" or "Use_TPFibAverage".

RECOMMENDATION

It is advisable to trade RangeBand with the following setup and/or parameters:

• Currency Pair: GBPUSD
• TimeFrame: M5
• Minimum Deposit: $1,000

NOTE: Test RangeBand on a Demo Account first before putting it on a Live Account!

HIGHLIGHTS

• RangeBand comes built in unique and active Entry and Exit strategies - truly an intelligent and adaptive algorithm!
• VPS is not essential, but is recommended.
• For faster backtesting, use "1 minute OHLC" and disable Visualization on MetaTrader 5, duration set 2022.01.01 - 2022.12.31 on GBPUSD.