www.for-exe.com
  • Home
  • eWavesHarmonics
  • INDICATORS
    • MT4 Indicators
    • MT4 Free Indicators & Scripts
    • eWaves v1.0 Manual
    • MT5 Indicators
  • Trade Tools
    • Advanced Trade Manager
    • Trade Copier
  • Trader Training
  • Harmonics
    • TheHarmonicIndi
    • TheHarmonicIndi Instructions
    • Harmonic Patterns
  • Trading Blog
  • Contact Us
  • Who is Snorm
  • Q&A
  • Trading Services
  • Useful Links
  • MT4 TIPS and TRICKS
  • Newsletter
  • MetaTrader Wingdings
  • Fibonacci Numbers
  • Privacy Policy
  • Terms of Use and Disclaimer

Range Bars

4/10/2014

0 Comments

 
The For-Exe R&D department (sounds a lot more impressive than it really is) has spent the last week testing and trading range bars - a most profitable week it was, mostly from scalping the DAX. 

If you don't already know, range bars differ from normal price bars in that they only create a bar when price has moved X number of pips. Time is not a consideration, just price, giving rather clean looking charts without the 'noise'.  It is purported that various indicators such as moving averages, RSI, Ichimoku, etc are more effective on range bars - something that our research seems to agree with.  We also found that harmonic patterns are easier to spot and the drawing of supply/demand zones just a bit more objective.

We created a little indicator to generate buy/sell signals using the Alligator. The pictures below shows the signals generated over the same period. The potential profitability of the range bar signals is self-evident.

Picture
Picture

Picture
Picture

Picture
Picture

It should be noted that a couple of nice trending periods were selected for the above pictures - not all periods will be so easy to trade but all-in-all it's fair to say that trading range bars 'with the trend' should do you well.  We will continue our research.
0 Comments



Leave a Reply.

    Subscribe to Newsletter
    Picture
    ​​Available on Amazon Kindle
    ​and Google Books

    Archives

    May 2025
    April 2025
    March 2025
    February 2025
    December 2024
    November 2024
    September 2024
    July 2024
    May 2024
    April 2024
    February 2024
    January 2024
    December 2023
    October 2023
    August 2023
    July 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    August 2021
    July 2021
    May 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    August 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013

    RSS Feed

@snormtrader.bsky.social
We no longer use Twitter / X - please follow us on BlueSky
Subscribe to Newsletter
  • Home
  • eWavesHarmonics
  • INDICATORS
    • MT4 Indicators
    • MT4 Free Indicators & Scripts
    • eWaves v1.0 Manual
    • MT5 Indicators
  • Trade Tools
    • Advanced Trade Manager
    • Trade Copier
  • Trader Training
  • Harmonics
    • TheHarmonicIndi
    • TheHarmonicIndi Instructions
    • Harmonic Patterns
  • Trading Blog
  • Contact Us
  • Who is Snorm
  • Q&A
  • Trading Services
  • Useful Links
  • MT4 TIPS and TRICKS
  • Newsletter
  • MetaTrader Wingdings
  • Fibonacci Numbers
  • Privacy Policy
  • Terms of Use and Disclaimer