Forex $ RoadToRiches $ - Range Bars & PA Scalping

hello everyone!

I would like to share with you my scalping strategy based on Range Bars chart, price action and a few indicators everything is simple and easy - we look for trend reversal patterns at the tops and bottoms the easiest patterns to find and the most powerful ones are hammers and shooting stars - they work the best ;-) most of them are detected by my modified indicator based on japanese candlesticks, so you won't have a problem with finding them on the chart ;-) use some PA methods to increase its accuracy - SR levels, SD zones, trend lines, HH, HL, LL, LH - it's up to you

I'm sharing this because I would like to improve this strategy a little bit, by adding a good and quite accurate trend indicator - because the whole system could be a one of those "no brainers" and I believe that together we can do this ;-) sometimes PA is not enough for Range Bars chart, so why don't make it easier to trade?


ALL INDICATORS USED IN THIS STRATEGY DON'T REPAINT :thumbsup:


IMPORTANT: you need to place "Range Bars" file inside "MQL4 \ Indicators" folder - *.dll file goes to "MQL4 \ Libraries" folder!


RULES:

- set Range Bars chart at 3 pips
- look for trend reversal patterns at overbought and oversold zones (OBOS indicator)
- SL & TP = 10 pips (move SL to BE+2 after 5 pips profit)
- best time to trade - EU session


enjoy!



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$ RoadToRiches $.rar 142 KB

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