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Supply and Demand Expert Advisor

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FYP_Trader
9
FYP_Trader  

Hello Supply and Demand Traders,

I have a custom expert advisor which trades off supply and demand zones. 

The zones it trades off are from this source - https://www.mql5.com/en/code/14545 (indicator attached below). 


Here are the rules of the EA:
- When price reaches the proximal level of an untested supply zone it will enter a sell trade.
- When prices reaches the proximal level of an untested demand zone it will enter a buy trade. 
- The stop loss is placed one pip outside of either zone.
- The take profit is 3 times that of the stop loss. (ie. R:R=3:1)
- It has been developed in mql4 (runs on mt4

Let me know what you guys think! 

Happy trading :)

~Brian

Shved Supply and Demand
Shved Supply and Demand
  • votes: 55
  • 2016.02.08
  • Vasyl Nosal
  • www.mql5.com
It shows the number of zone retests. It shows the zones that were support but became resistance and vice versa. Some additions were made by me. It is possible to toggle on/off the...
caveman522
5
caveman522  
Shared your EA with other SD traders!
antonioseb71
5
antonioseb71  

Could be very useful if supplemented with proper analysis IMO.

Takes the emotions out of the trade. Something I've struggled with for a long time! 

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