Price-Range EA Opens Positions at Recent Highs and Lows

Summary

This Expert Advisor scans a user-selected number of recent bars to find the highest and lowest prices. When the current Ask or Bid reaches either boundary, it opens the corresponding long or short position. It is limited to one open long and one open short position at a time.

The document describes the entry trigger and identifies the lookback length as the sole configurable input. It gives no exit rules, risk controls, performance evidence, or explanation of how the range breakout behaves across market conditions. The description is therefore useful as a basic entry concept, but insufficient to assess the strategy or trade it responsibly on its own.

Key ideas

• The EA finds recent minimum and maximum prices across a configurable number of bars.
• A current price reaching a range boundary triggers a corresponding position.
• The EA allows at most one long and one short position.
• The description provides no exit logic or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.