Non-Seasonal Average Trading Ranges and Forecasts for Monthly Charts - MetaTrader 4 Expert - MT4/MT5 Resource
Best for monthly candlestick charts with four decimal places per point (for other pairs, use the Japanese Yen version). The EA calculates the probability of reaching your desired pip range based on the trading range and statistical predictions of the past two years. If used in conjunction with directional determinants, it can help determine where to place profits in monthly trades. Once you use it on a monthly time frame, you will get statistics in the upper left corner of the screen.
Attachment download
📎 Unseasonalised_ATR_and_Forecast.mq4 (10.42 KB)
📎 Unseasonalised_JPY_ATR_and_Forecast.mq4 (10.39 KB)
Source: MQL5 #11055
Non-Seasonal Average Trading Ranges and Forecasts for Monthly Charts - MetaTrader 4 Expert - MT4/MT5 Resource Usage and Screening Advice
This content can be used as a data entry for foreign exchange EA, indicators, trading systems or quantitative strategies. When reading, it is recommended to make a judgment based on the platform version, trading type, time period, risk control method and historical discussion background. Do not use it directly based on the title or a single point of view.
If the content involves MT4/MT5, ForexFactory, MQL source code, TradingView indicators or strategy discussions, you can give priority to the parameter logic, backtest environment, market stage, execution cost and failure conditions, and then decide whether to continue downloading, reviewing or secondary development.
Risk warning
For any EA, indicator or automatic trading strategy, it is recommended to first conduct historical backtesting, simulation account verification and small capital testing. Grid, Martin, high frequency, recovery and examination strategies especially require setting the account risk upper limit, single variety risk upper limit and manual deactivation conditions.
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