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The momentum trader uses an array of well established principles in Forex trading to open and close intraday positions. It performs approximately the following steps to generate a signal: Draw support and resistance on current timeframe. Is used to determine whether we are currently trading in a range or in a breakout scenario. MACD is used to indicate the current Trend RSI is used to determine overbought and oversold conditions. There are a few things to note about the operation of the Expert: