CT Ranger is fully automated grid type system which allows you to exploit the market during ranging and relatively stable conditions. This system delivers continuous and steady returns by capturing the random variations in the prices. You can also use this system as a tool for semi-automated trading.
- The system is easy to use, with minimal number of settings and inputs.
- The system does not use real stop orders. Instead you can set maximum drawdown limit.
- The system can be used as a tool for semi-automated trading.
- The integrated buttons allow you to switch the system on and off directly from the chart. For example you can allow only long trades, or only short trades based on your own analysis of the market.
- General Settings
- Tester_Mode - in the strategy tester you can optimize the system only for short trades, long trades or both.
- Magic_Number - order magic number.
- Initial_Lot - initial trade size.
- Maximum_Drawdown - set maximum allowed drawdown. When this limit is exceeded, the system will close all open positions.
- Send_Notification - the system sends notification if the maximum drawdown limit is exceeded.
- Grid Settings
- Linear - the same size for all consecutive trades in the grid. (For example 1, 1, 1, 1, 1....)
- Progressive - each consecutive trade is bigger than the previous. (For example 1, 2, 3, 4, 5....)
- Grid_Step - step between the trades. The value represents percentage of the average daily range.
- Range_Time_Frame - time frame for calculation of the range.
- Range_Period_Open - number of bars.
- Range_Period_Close - number of bars.
- Fractional_TP - if true, the system applies separate take profit order for each trade.
- Mid_Point_Close - if true, the system will close all trades when the current price is above/below the medium price of the position.
- The system tend to show the best results with EURUSD. The default settings are conservative and probably not the optimal. So you are free to do your own tests and optimizations in order to find the best settings for your risk appetite and trading style.
- The minimum recommended account size is 1000. The recommended account leverage is 200:1.
- The system will open trades only if the buttons are pressed (green color)! You can test this on demo first.
- The system does not support FIFO!
If you have some questions, or if you need help, contact me via PM.