# Range Follower

Opens trade in the direction of the trend if a specific rate of average daily range is exceeded.

Canonical: https://prismaticalgos.com/compendium/algo/2933-range-follower
Record ID: 2933
Catalog rank: 1696 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Unclassified (?)
Source: https://www.mql5.com/en/code/30304
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

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: Not specified
- timeframes: Not specified
- sessions: Not specified
- market_regime: trending

## Indicators

- ATR: {"period": 20}; applied to: close

## Recorded long-entry rules

- Average daily range is 80% exceeded

## Recorded short-entry rules

- Average daily range is 80% exceeded

## Recorded exit rules

- Position closed at midnight

## Recorded filters

- Not specified.

## Risk controls

- Stop loss: Daily high for sell order, daily low for buy order
- Take profit: Remaining part of the average range in pips
- Position sizing: null