The essence of forex strategy "range Break" comes to finding a market that is in the flat, narrow ranges of price fluctuations and placing pending orders on either side (Buy Stop and Sell Stop). Meanwhile, the market will determine when and how a pending order to activate it.
To trade forex recommend choosing DC with Metatrader 4
Stop loss should be placed on the opposite side of the consolidation channel for each order. The best indicator to determine the appropriate market and points us to the placement of pending orders are Bollinger Bands (Bollinger Bands). If a particular chart consolidation channel has at least a small slope, the Bollinger Bands differ if, upokaivaetsya market Bollinzhdera bands converge. The ideal in our case for the transaction will be a situation where parallel stripes
Although determine the ideal parallel horizontal channels are not always possible, but if you scroll down the price chart with this indicator in history - you can recognize all the areas that are suitable to enter the market easily.
Very carefully and slowly, consider multiple currency pairs, spend on it may even a whole day, if needed (I personally so earned his first money in the forex when spent about a week trying to find patterns in the market - and I found them in the end I got my first forex strategy "Flag + ABC» and as a result - my first profitable trades ...), and you will identify these price channels to the eye without difficulty. However, remember that these quiet areas happen, after all, not very often - even in flat forex market a little stormy. In this case, just go to the neighboring more senior time span - since not the main period of the price chart, namely parallel bars!
