Extracted algorithm research record
4 Hour Range Strategy
Enters trades based on 5M candles closing outside the range of the first 4H candle, with time filters for overextension.
Source & extraction context
Evidence label: backtest_shown (source claim, not independent verification). Recorded completeness: 50.0/100. Neither is a performance result.
Names identify source records. Inclusion is not an endorsement or a claim of authorship, ownership or reuse permission. Check the source license before reusing any implementation.
Extraction warnings
Build warnings
- MT4_ONLY: the captured source is MQL4 / written for MetaTrader 4. It needs porting (order functions, indicator handles) before it runs on MT5.
Recorded market & execution profile
- Recorded markets
- EURUSD
- Recorded timeframes
- 4H, 5M
- Recorded sessions
- New York time zone
- Recorded regime
- ranging
Recorded indicators & parameters
| Indicator | Parameters | Applied to |
|---|---|---|
| No indicator stack was recorded. This does not establish a price-action-only strategy. | ||
Extracted strategy rules
Recorded long-entry rules
- 5M candle closes below the Low of the first 4H candle, then closes back in the Range
Recorded short-entry rules
- 5M candle closes above the High of the first 4H candle, then closes back in the Range
Recorded exit rules
- No explicit exit rules provided
Recorded filters
- Time filter for overextension: price stays above the High or below the Low for more than 75 Minutes
- Stop loss
- Not specified
- Take profit
- Not specified
- Position sizing
- Lots: Lotsize
Questions about this record
What entry rules are recorded for 4 Hour Range Strategy?
Long: 5M candle closes below the Low of the first 4H candle, then closes back in the Range Short: 5M candle closes above the High of the first 4H candle, then closes back in the Range These are unverified extracted rules.
Which markets and timeframes are recorded?
Markets: EURUSD. Timeframes: 4H, 5M. These are source-recorded labels, not verified execution behavior.