View Single Post
  #6 (permalink)  
Old 08-24-2007, 07:34 AM
jeet1970 jeet1970 is offline
Freshman
 
Join Date: Aug 2007
Posts: 7
Thanks: 0
Thanked 0 Times in 0 Posts
jeet1970 is on a distinguished road
Default

Hi Ronald

The range may take anywhere from 1 Hr to 3 Hrs to develop. For example, its 8.30 and my (HighestHigh - LowestLow >= 30 pips), then I expect it to be a trending day and will place orders for the breakout. If the range is not developed by 10am, I expect that it will be sdeways action for rest of the day.

So the check is done every 15 minutes (after every bar), as I don't know when the condition will be true.
Reply With Quote

Registered members have access to special online forex currency trading tools, software, mt4 expert advisors and indicators. Register now

Main Menu

Economic Forecast