Small Range Setup
New Setup : Small Range link to big picture This is an old setup focused to trade trending and/or impulsing markets in the direction of the trend. The Entry Type uses Stop Orders as it is intended for fast volatile never returning markets like crude oil or gold. This setup uses the following Tools : A slow Moving Average to define the Trend (blue line) An envelope around a fast moving average to define the trade / no-trade condition A channel to verify that the entry bar is making an extreme of the move A tool to calculate the range of the bar ( not used on range bars) When the blue line is all outside the envelope, the setup has a trend. Otherwise it is in neutral state ; gray bars = do nothing. If we have red bars and current bar is touching the upper channel, then we have a possible short entry. When not using range bars we can add another condition ; signal bar must be of small range ; The short entry is a Sell Stop some ticks below signal bar ( usu...