Experts: Support Resistance Trader

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Automated-Trading
148601
Automated-Trading  

Support Resistance Trader:

Support and Resistance lines are used with the Standard Deviation indicator for generating trade signals.

Support Resistance Trader

Author: raposter 

Support Resistance Trader
Support Resistance Trader
  • www.mql5.com
(1) A minimum of the Standard Deviation indicator; (2) A breakthrough of the Support (for Sell) or Resistance (for Buy) lines by the SMA of the Low (for Sell) or High (for Buy) price .   The ADX and Bollinger Bands indicator values are also used as additional trade entry filters. An open trade can be closed based on a trade signal...
cjcornelius Cornelius
203
cjcornelius Cornelius  

Not impressive with $773 profit in 9 and a half years 

raposter
2495
raposter  
The reason for the seemingly small profit was that the lot size used in Tester was 0.01 lots. 
Revo Trades
102
Revo Trades  
and the mismatched candle errors? haha
Michael Perkuhn
82
Michael Perkuhn  
raposter:
The reason for the seemingly small profit was that the lot size used in Tester was 0.01 lots. 

Great job on the ea! Too bad it doesn't raise the position proportionate to account balance. Should be implemented.

fintrad0
80
fintrad0  

Great job!

Many thanks for sharing your amazing projects with the community.

For me your coding has a great learning effect how to create clear entry signals and how to deal with opened positions.

To all others an in my opinion: Keep in mind that the code is shared free of charge but of high quality for new coders! There are many others much more poorly created.

Peter Lenherr
184
Peter Lenherr  
cjcornelius Cornelius :

Nicht beeindruckend mit einem Gewinn von 773 USD in 9,5 Jahren 

The profit of 773.-USD in 9.5 years is at a fixed size of 0.01 lot

For a fixed size of 1.0, that would be more than $ 70,000 in 9.5 years. In one year about 7000.-USD.

If the backtest results are correct and the EA has a small drawdown, 7000.-USD / year is ok.

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