It does not do anything when in the range, it just hangs out, when range breaks it takes a trade.
It loves a trending market, and does nothing when bangin around inside the range, it's only way to exit the buy positions is when it sells and vice versa.
The trading system is very simple and based on Nikolas Darvas's book 'How I made $2,000,000.00 in the stock market' It will pile up trades if ranges keep breaking in the same direction, you'll see. But that does not mean it is flawless, far from it. But it has made me 100% in 2 weeks live and has good although choppy back tests. The managed account is not set as heavy as my personal account. (and talk is cheap)
It's the indicator that is the amazing part, it predicts very accurately where the ranges are going to be, not where they are after it is established like other systems but where they will be... sounds crazy, but it does work very well.
I am working on a robot that will trade inside the range after this one settles in and I can take my eyes off it. But first I need to assess the different strategies that are used in a range bound markets and find the best one.
When I have that one made I will put in this account too :)
1 pip pip banked is worth more than the rest out in the market.