Support and Resistance and Trade Management

Overview

Advanced MT5 EA that automatically detects, scores, and visualizes support/resistance levels with integrated trading panel, risk management, and multi-channel alerts.

Installation (3 Steps)

  1. Copy EA File: Place  Saturno_Smart_SR_PRO_EA.ex5  in  MQL5\Experts\  folder

  2. Refresh: Right-click "Expert Advisors" in Navigator → "Refresh"

  3. Attach: Drag EA to chart → Click "OK" → Enable AutoTrading button

Note: Ensure "Allow Automated Trading" is checked and the EA shows a smiley face 😊

Quick Configuration

Essential Settings

Section Key Parameters Recommendation
Risk Risk %, SL/TP Pips 1-2% risk, TP at 2-3x SL
Detection Left/Right Bars 5/5 for daily, 3/3 for lower timeframes
Display Show levels, Dashboard Enable all for full visibility
Alerts Telegram, Popups Setup Telegram for mobile alerts

Telegram Setup (Optional)

  1. Create bot: @BotFather →  /newbot  → copy token

  2. Get Chat ID: Message bot → visit  https://api.telegram.org/bot<TOKEN>/getUpdates

  3. Enter Token & Chat ID in EA settings

How to Use

Trading Panel (Top-Left)

  • Adjust Risk% / SL / TP: Edit fields directly

  • Drag Lines: Click and drag Entry/SL/TP lines on chart

  • BUY/SELL: Execute market orders instantly

  • BUY LIMIT/SELL LIMIT: Place pending orders at entry line

  • CLOSE ALL: Close all positions for symbol

Understanding Levels

Tier Color Score Meaning
MAJOR Gold 50+ Strongest levels, multiple touches
STRONG Blue 30-50 Reliable levels, several touches
WEAK Green/Red <30 Preliminary levels, lower confidence

Visual Risk Box

  • Green Area: Entry to TP (potential profit)

  • Red Area: Entry to SL (potential loss)

  • Info Label: Shows risk amount, R:R ratio, lot size

Trading Strategies

Bounce Strategy

  1. Find MAJOR or STRONG support/resistance

  2. Wait for price to approach level

  3. Look for reversal candlestick patterns

  4. Enter toward bounce direction

  5. SL beyond level, TP at next significant level

Breakout Strategy

  1. Identify major levels

  2. Wait for strong breakout with momentum

  3. Enter breakout direction

  4. SL just inside broken level

  5. TP at next major level

Troubleshooting

Issue Solution
No levels showing Enable Show Support/Resistance, check "Experts" tab for errors
Not trading Verify AutoTrading ON, Magic Number matches, sufficient margin
Telegram not working Check Token/Chat ID, allow DLL imports, test internet
Slow performance Enable "Update on New Bar", reduce Lookback Bars, enable "Hide Far Levels"

Key Parameters Explained

Parameter What It Does Adjust When
Left/Right Bars Controls pivot detection sensitivity Higher = fewer levels, Lower = more levels
Touch Tolerance (ATR) How close price must get to count as touch Increase for volatile markets
Minimum Score Filters weak levels Lower to show more levels, higher for cleaner charts
Merge Distance (ATR) Merges nearby levels Increase for cleaner charts

Best Practices

✅ Start with defaults on demo account
✅ Use 1-2% risk per trade maximum
✅ Combine with price action for confirmation
✅ Set up Telegram for mobile trade alerts
✅ Adjust ATR parameters based on asset volatility
✅ Monitor performance and optimize gradually

Technical Requirements

  • Platform: MetaTrader 5

  • Assets: Forex, Metals, Indices, Crypto, Commodities

  • Timeframes: All (M15-H4 recommended)

  • Account: Any (Demo/Real)

Support

⚠️ Disclaimer

Trading involves substantial risk of loss. This EA is a tool to assist decision-making, not a guarantee of profits. Past performance does not indicate future results. Trade at your own risk.

Version: 2.05 | Commercial Release


More from author
Range Volume Profile with Trading Panel
Dominador Bantillo Saturno
Utilities
Range Volume Profile with Risk Management Panel Professional Trading Utility for MetaTrader 5 The Range Volume Profile with Risk Management Panel is an advanced trading utility designed for traders who manually execute trades while maintaining strict money management. Unlike a traditional Expert Advisor that automatically opens trades, this utility helps traders identify important volume areas, calculate accurate lot sizes based on account risk, and place pending orders directly from the char
FREE
Visual Risk Panel
Dominador Bantillo Saturno
Utilities
https://youtu.be/E5AqInoWcFc Visual Risk Panel Pro is a premium, lightweight utility designed specifically for manual traders who value speed, precision, and strict risk management. Instead of typing numbers into a clunky panel or calculating position sizes on a separate app mid-trade, this utility brings interactive math directly onto your charts. Simply draw your structural zone, drag your entry or exit lines, and let the panel manage the rest flawlessly. Key Advantages Zero Math Anxiety: Th
FREE
Totz Gold Scalper EA
Dominador Bantillo Saturno
Experts
Gold Scalper Pro is a fully automated Expert Advisor designed specifically for intraday trading and scalping on Gold (XAUUSD). Built with advanced technical indicator confluence, dynamic ATR risk management, and built-in protection mechanisms, this EA aims to capture high-probability momentum moves while protecting capital. The EA includes a real-time, customizable dark-mode dashboard that displays active order stats, live spread, floating P&L, dynamic SL/TP distances, and account details dire
Totz Daily Breakout EA
Dominador Bantillo Saturno
Experts
Daily Breakout Pro EA Daily Breakout Pro EA is an automated institutional-grade trading system designed to trade high-probability breakout expansions following session consolidations. Built on strict risk management, dynamic ATR volatility stops, and economic news avoidance, this EA provides reliable execution without grid, martingale, or arbitrary dangerous strategies. Key Features Session Breakout Mechanics: Automatically frames Asian session consolidation and identifies high-probability mo
Filter:
No reviews
Reply to review