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Resistance Support Lines EA PRO

50 USD

Demo downloaded: 64

Published: 6 October 2023

Current version: 1.2

Resistance Support Lines EA PRO

Experts
Serhii Fertikov
Serhii Fertikov
Ukraine

18594
4.4 (15)
5 products
Version: 1.2
Activations: 5

Expert Advisor for trading on resistance / support levels built on my level indicator Resistance Support Lines Pro

Features:

Often the price does not reach the indicator line or on the contrary goes beyond it for several points and returns (in case we are looking for breakout trades), to solve this problem you can set the signal zone in points from the indicator line The size of the signal zone is set in the "TradeSignalPoint" parameter, in points from the indicator line. In addition to simple passing or bouncing of the price from the support/resistance line, the Expert Advisor can be configured to additionally check the price behavior in the Trade Zone. Trade Zone (TradeIntervalPointMin, TradeIntervalPointMax is set) if it is enabled and the price has not gone beyond this zone after the signal, then the Expert Advisor creates a Buy/Sell order. The trade zone can be disabled by setting the values (TradeIntervalPointMin, TradeIntervalPointMax) equal to zero.

Settings:

1. ——— TRADE SETTINGS ———

trading parameters

Direct trade (TradeDirect) - direction of opening trades "Break" - trade on break of indicator lines, "Bounce" - trade on bounce from indicator lines;
Trade signal point (TradeSignalPoint) - number of pips from the indicator line when the breakout/rebound signal is activated;
Trade interval point min (TradeIntervalPointMin) - the first value of the trading interval to check the price movement. It is measured in pips from the indicator lines;
Trade interval point max (TradeIntervalPointMax) - the second value of the trading interval to check the price movement. It is measured in pips from the indicator lines;
Trade bar (TradeBar) - number of the bar from the signal bar on which it is necessary to make a deal;
Trade pause (TradePause) - pause in minutes between market entries;
StopLoss;
TakeProfit;
Maximum open orders (MaxDeals) - maximum number of simultaneously opened positions;
Maximum open orders (MaxHoldMinutes) - maximum time of position holding, in case of its expiration the position will be closed forcibly;

2. ——— INDICATOR SETTINGS : «ResistanceSupportLinesPro» ————

Here are the parameters for the indicator Resistance Support Lines Pro, they are described in detail on the indicator page.

——— RISK SETTINGS ———

risk and transaction volume management

Risk % (RiskPercent) - risk percentage calculated based on the balance and StopLoss
Fix Lot (FixLot) - if RiskPercent=0 then this value is used as a lot
Max Lot (MaxLot) - maximum possible lot
Min Lot (MinLot) - minimum lot value

3. ——— MARTINGLE GRID SETTINGS ———

MartinGridEnable - On / Off
Step ponts (MartinGridStep) - at what distance to place the first order of the martingale grid when MartinGridStepCoef = 1
Step multiplication coefficient (MartinGridStepCoef) - coefficient of increase/decrease of distance of subsequent orders of deals
Lot multiplication coefficient (MartinGridLotCoef) - coefficient of increase/decrease in the volume of transactions
Summ takeprofit point coefficient (MartinGridSumTpCoef) - when this profit is reached all deals in this direction are closed
Maximum open orders (MartinGridMaxDeals) - maximum number of simultaneously opened martingale grid orders

4. ——— EA INFO ———

information section for tracking Expert Advisor orders

Magic Number Prefics (MagicNumberPrefics) - number prefix, in order to calculate the Magic Number;
Write Comment Order (WriteCommentOrder) - whether to fill the comment field in the order or not;

Contact:

If you have any questions or need assistance, please contact me via direct message.

Author:

Fertikov Serhii, More of my indicators, advisors, scripts are available in the seller's profile.

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The indicator calculates fractal lines, which are technically psychological support/resistance lines. In fact, these are the highs and lows of the price over a period of time. The indicator works on all charts and timeframes. Settings: Fractal Candels - number of candles from which a fractal is built. Calculates the maximum/minimum at which a psychological price can be set. Rigth Candels - number of candles based on which false fractals are filtered to the right of it Left Candels - number of ca

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A news trading expert using deferred multi-directional stop orders. Prior to the release of significant news, the advisor places pending BuyStop and SellStop orders, closing the opposite one in case either is triggered by the market. The expert is integrated with an mql5 calendar for a year, allowing you to customize the advisor's parameters for any event from the calendar and test it on historical data. Features: Before starting the testing, attach the expert to the trading chart (The expert wi

260 USD

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Resistance Support Lines EA PRO

Serhii Fertikov