# Daily range

Trades based on daily range calculations for Stop Loss and Take Profit levels.

Canonical: https://prismaticalgos.com/compendium/algo/2447-daily-range
Record ID: 2447
Catalog rank: 1088 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trend Following & Directional (A)
Source: https://www.mql5.com/en/code/23334
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Build warnings: DAILY_LOW_COUNT: daily-or-slower timeframe on a single instrument. Expect well under 100 trades in five years, so a backtest will rarely reach statistical significance on its own.

## Recorded profile

- symbols: Not specified
- timeframes: D1
- sessions: Not specified
- market_regime: any

## Indicators

- null: {}; applied to: null

## Recorded long-entry rules

- Price Ask >= Highest of the daily range + daily_range * Offset Coefficient

## Recorded short-entry rules

- Price Bid <= Lowest of the daily range - daily_range * Offset Coefficient

## Recorded exit rules

- Not specified.

## Recorded filters

- Not specified.

## Risk controls

- Stop loss: SL = daily_range * Stop Loss Coefficient
- Take profit: TP = daily_range * Take Profit Coefficient
- Position sizing: Max Positions