Range Day Trader – opens trades on daily range break with trend filter
Range Day Trader EA opens one position with a stop loss every day after setting a range between 1:00 and 6:50 AM on USDJPY and closes automatically at the end of the day. Once the range is broken and a certain profit is reached, a carefully optimized trailing stop will be activated. An integrated trend filter will increase the probability of opening a position in the correct direction of the range breakout.