RNR7 Narrow Range

This bot will attempt to look back NR=7 candles to identify the smallest range (high-low) and BUY a break lower and SHORT a break higher. 1r of risk S/L (stop loss), 1r T/P (target price). This is the opposite of the ORB strategy, but takes multiple trades per day. (setting: MaxTradesPerDay=4 default)

INPUTS

NR=7 (number of look back candles to determine the narrow range)

Allow Trailing=false

MaxTradesPerDay=4

Risk(Amount)=500.00

MaxLotSize=20