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!
What is IMO, I do not understand.
I've tested the robot in all pairs and it always gets lost in all timeframes.
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
Can we make some alert and mobile notification from the indicator to trade manually?
for the "cannot open buy order" bug, open the ea in metaeditor and look for
if(StringFind(_name,"R#R",0)>0 && StringFind(_name,"Untested",0)>0) _tmp=ObjectGetDouble(_chart,_name,OBJPROP_PRICE2);
below it add
if(_res>_tmp && _tmp!=0) _res=_tmp;