RangeTrader AE
I’ve been receiving many questions regarding RangeTrader’s performance and reliability.
YES! I am using this software and I am very impressed with this tool
RangeTrader Automated Forex trading Software continue doing amazing job despite of unprecedented EUR/GBP up trend rally we’ve been looking in since December, 2007.
Many Traders and Trading Systems already was busted during EUR/GBP rally, but not the RangeTrader!
Our account continue combortably far from the margin call, and making daily profit :)
New advanced options has been added quite regularly to Range Trader
RangeTrader-phase one (2.9 which you all have) uses a fixed trading range, and currently the price of the EUR/GBP is 'out of range'.
Author therefore brought forward RangeTrader-Phase-Two.
RangeTrader-Phase-Two (RT-P2) has significant upgrades to it. Just a few of these are :-
1:- That Daily range calculations have been added to RT-P2, that allow Trading to occur daily, independent of any long term range drift. Meaning the system will always look to place daily trades.
2:- That every trade now has a stop added, that means no protection, or hedging is needed.
3:- That there is now a very strong 'with trend' element to how the trade grid is formed, as well as the standard counter trend.
4:- That RangeTrader could be used to trade the largest currency pair (EUR/USD) and in fact this is the recommended currency pair.
5:- That client processing be kept to a minimum.
Client processing is kept to a minimum, by not having to process the complex calculations that establish tomorrows Range, today. Fellow Traders have invested in two meaty servers, that do all the range processing each day. Once complete the range is copied up to 2 online URLs that store the range calculations for use by clients. Every night between 23:00-00:00 GMT (or as and when you start MetaTrader and RangeTrader) the first thing the client system does (the RangeTrader EA you will have), is download todays Range and predicted trend direction.
The process is completely automatic. You don't need to do anything.
Are there disadvantages to having such processing removed from the client?
Yes, just one.
Because the client RT-P2 only ever has a single Days trading range and trend information loaded locally, back-testing is impossible. We are working on this though, and are hopeful of a later release that will improve things.
That said, RangeTrader has managed to produce an accurate back-test of results covering from Jan 2007 to around Oct 2007 using the system. This has taken a cluster of 10 PCs more than 10 Days to complete, and should give you an idea of the intensity of Trading.
Some statistics for RT-P2 :-
RT-P2 is currently placing an average of 28 trades a Day !
Back-testing (I have only been forward testing this for 8 Days) shows a gain of more than 15% per month on a good Month. There are draw downs, but on average these are manageable.
Read more about RangeTrader
http://boulat.com/forex-range-trading-strategy-forex-auto-trade-software.html
