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Then we also look at what types of pairs offer the best opportunities for range-bound trading. Standard deviation is the square root of variance, which is the average squared deviation from the mean (if you are not familiar with it, here you can see a detailed explanation of variance and standard deviation calculation ).

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Forex 1-2-3 Method by Mark Mc Rae This particular technique has been around for a long time and I first saw it used in the futures market. However what I though would be useful would be to use the 3 bar entry method of the Urban Towers System to create a systematic entry method for trading the 1 day moving average.

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