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RangeTrader is fully automated, and I mean fully automated. Other than
loading the Expert Advisor onto your chart, and setting the account
type you have (Standard or Mini) RangeTrader does the lot.
Here are some of the features RangeTrader-Phase-Two has :-
Calculates Trade size from account balance automatically.
Will compound Trade size as account balance grows.
Places all pending Trade grids automatically (up to 200)
Provides Boundary stop loss protection in the advent of prolonged
client failure (No Longer needed, as every trade has attached
protective stop)
Automatically hedges Trades when Price movement exceeds set Trading
range (No longer needed, as RangeTrader-P2 calculates new Range every
day and Transitions Trades accordingly).
Automatically replaces exited Trades when required.
Now uses a series of Trade grids spread over a Daily Trading range to
capture both trending and Re-tracement trades.
Now designed to Trade the top currency pairs (although particularly
good with the EUR/USD)
Client side processing reduced. FellowTraders servers process the data
needed to calculate each Days Trading Range.
Opening a demo account with a MetaTrader Broker is easy. Most will
provide the software and access to Data for free (either for a few
Months, or in Alpari's case as long as you use the demo account)
Installing the RangeTrader EA is as simple as copying a file into a
specific location and adding it to the nominated currency pair.
Fellow Traders recommend you Trade a demo account for a Month or two,
and once familiar with it and its trading methods, open a live account
and Trade it !
The accompanying E-Book that comes with the RangeTrader software
covers how to find, install and use MetaTrader, as well as Forex
basics. I will also teach you how to use MetaTrader 4 to place and
exit Trades manually, and also teach you how to install and run
RangeTrader.
http://autotradesysl.blogspot.com/#
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