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What is range trading or range-bound trading? It is a trading strategy that “involves buying as price moves to lower support levels, and selling as price moves to upper resistance levels”.
It only trades the Aud/Cad pair. This is good if your are specialist trader.
Some people consider range trading a bit risky but if currencies are running at low risk, like the AUD and the CAD coming in a pair, then range trading is good.
Say for example, AUD/CAD is trading at 1.035. A range trader may decide to short the pair at that price and every 50 pips higher, and then buy it back as it moves every 25 pips down. The assumption is that eventually the pair will return to that 1.035 level again. If AUD/CAD rises to 1.040 and then turns back down hitting 1.035, the range trader would reap the ravishing rewards, especially if the currency moves back and forth in its climb to 1.040 and its fall to the original 1.035 position.
Why trade AUDCAD pair now? The AUD and the CAD are the fail-safe currency pair being traded in the foreign exchange market right now. Both are Australia and Canada are presently enjoying strong export economies.
Currently, the AUD base rate is 4.75% versus the CAD is 1%. In this interest rate differential, the AUD that has a high interest rate is likely to get stronger than the CAD with a low interest rate.
Risk and profit parameters can be directly or indirectly set in the RANGE TRADING ROBOT.
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If you are going to try Range Trading Robot make sure you fully understand how the system works before running it live. It is recommended to use your refund period to test it thoroughly for at least a month. If your results are above satisfaction, then and only then should you consider taking steps to trade it live with real money. The developer claimed, If RANGE TRADING ROBOT does not return a profit for you within the first thirty (30) days that you set it on default mode, they will refund your full purchase price and let you keep the software with no questions asked.
