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Levels Work

This EA trades support/resistance levels which were placed by a trader (Trend Line from toolbar). The direction of a trade is set graphically by arrows: ↑ - buy; ↓ - sell; ↕ - buy or sell in case of crossing support/resistance level. The level is off if inconsistent directions were set, like: ↑↓↕, ↑↕, or ↓↕.

If the price is lower than a level it is a resistance level. And opposite is true for support level.

There are a few methods available for levels defining, for testing with visualization as like for real trading:

  • write - manual level creation, all levels and their arrows are being saved, every minute (if there were changes), for farther offline strategy testing.
  • read - reading levels and their arrows, which were saved before (new lines are checked every minute). Trader can use it in the Strategy Tester, or during online trading copying levels to another account.
  • auto - two levels will be placed at the max/min bar open price of a selected timeframe within last week trade period. In this case arrows will be set as in auto_arrows parameter defined.
  • nothing - manual levels will not be saved.

The EA virtually trails stop loss.

No-loss fixing regime is available.

The EA reverses an open deal into the opposite direction deal if signal was received.

Breakeven regime is available.

If the trader sees that the price is moving within the channel or triangle, the EA will use the first line, set by the trader, to draw the second line of this figure.

The EA could be disabled before the release of important news, in order to pass the fast price movements. The trader sets intervals of disabling in the form of paired vertical lines (this option is also available in the Strategy Tester). Pursuing the same aim the trader can set the limit to the price slippage specifying a slip parameter.

EA does not interference into other trades.

EA made a screenshot of a chart.


Main Parameters

  • sl - stop loss value in points >=0.
  • tp - take profit value in points >=0.
  • slip - allowed slippage in points when position is opening.
  • print - interval of time for saving chart's (in minutes).
  • magic - unique magic number of the EA's orders.
  • front - the tolerance, in points, for the level`s touching. Could be negative (conservative trading, less deals), equal to zero or positive (aggressive trading, a lot of deals).
  • breakeven - moving opened position to breakeven (with spread) if the price has moved to the take profit direction. In percent from tp.
  • lot - lot size of a deal.
  • sitting_losses - no-loss regime, on or off.
  • trail_sl - virtual trailing of a stop loss order, on or off.
  • revolve_deal - revolving deal regime, on or off.
  • timeframe - working timeframe.
  • levels - setting levels regime: write; read; auto; nothing (see description above).
  • auto_arrows - trade direction in regime levels=auto. String value: up_n_down (↑↓ - buy from support level or sell from resistance level) or crossing (↕ - crossing sup/res level).
  • printsize - size of a screenshot.


Some Notes

After the deal was closed, the EA begins to check for the next signal when the new bar just appeared (of a selected timeframe).

In the Strategy Tester trader can place levels (levels=write or levels=nothing), set arrows, what could be used for its own strategy development. The first part of a video instruction was made in a such way (timeframe - H1, control points).

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¡Promoción de lanzamiento! ¡Quedan solo algunas copias al precio actual! Próximo precio: 1533 $ Precio final: 1993$ Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT5:   https://www.mql5.com/en/market/product/107337?source=Site+Profile+Seller For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/users/lothimailoan/seller I am Los, please subscribe to receive more updates:   https://www.mql5.com/en/users/lothimailoan/news US30 Scalper
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Este EA fue una vez nuestro EA premium de uso interno, ahora disponible para todos después de mejoras adaptativas. Utiliza patrones estables de zonas horarias, genera órdenes casi a diario con una tasa de éxito muy alta y es particularmente adecuado para clientes con menor capital. Las pruebas retrospectivas utilizando el modo "Cada tick basado en ticks reales" de MT5 arrojan resultados muy similares al trading en vivo, sin ajustes y mostrando estabilidad a largo plazo, lo que indica una estrate
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Introducing the FT Gold Robot MT4, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, FT Gold is a forex robot meticulously crafted to optimize your trading performance with   XAUUSD pairs . With its advanced analytical capabilities,   FT Gold Robot   constantly monitors the gold market, identifying key trends, patterns, and price movements with lightning speed. The FT Gold Robot opens 5 positions every da
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Copier4Free
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The utility copies trades from the signal provider accounts (master accounts, one or multiple providers) to unlimited number of receiver accounts (slave accounts). The provider is defined by the 'provider' parameter (any combination of numbers and letters). For example, there are two providers. Run the utility in master mode on them, and set different values to the provider parameter. On the account designated for copying these signals, run two utilities in slave mode in different windows, setti
The Expert Advisor trades the signals from an artificial neural network. Network with one hidden layer. Presence of a signal is checked at the closing of the specified period, which significantly increases the optimization and testing speed. It differs from the previous version by a number of additional features: works with pending orders; subsequent trades are opened with a lot increased by the specified step; moves the trade to breakeven a specified time after it was opened; closes trades at t
The Expert Advisor receives signals from an artificial neural network that uses the RSI indicator. Trades are closed by the opposite signals. Presence of a signal is checked at the closing of the bar. The EA also has the following functions: changing a position volume in proportion to the change in balance (function for the tester); transfer of unprofitable trades into breakeven; Parameters Start with lot - initial position volume increased in proportion to the balance change; Lotsize by balan
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The utility copies trades from the signal provider accounts (master accounts, one or multiple providers) to unlimited number of receiver accounts (slave accounts).  Attention! Y ou need to use identifiers (Provider number) of the same length if you use several master copiers. For example. 1, 2, 3 or 11, 13, 22. The copying can be set in the opposite direction. The comments with all the recently performed actions are displayed on the screen to monitor the utility actions in slave mode. To avoid p
The Expert Advisor trades the signals from an artificial neural network with one hidden layer. Presence of a signal is checked at the closing of the specified period. MAIN PARAMETERS Net option - setting the order grid. When placing a market (not pending, Pending order offset=0 ) order according to a signal, the grid order is set. The following direction are available: follow the trend , against the treand and both directions . The number of placed orders is taken from the ...maximum deals with
This utility searches the history for price patterns, which are similar to those present in the intervals selected by trader (there are several intervals, see the screenshot). The length of the pattern and selected intervals is the same and is given by the number of bars. The similarity is estimated by comparing the colors of bar bodies, sizes of bars' bodies and wicks. For all identified patterns, further movement of the price is visualized as lines. The color of lines determines the degree of
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The indicator calculates the historic price statistics: the number of intersections of a level and the number of rollbacks. The levels are set as horizontal lines (the 'Horizontal lines' element on the Toolbar) manually, are are drawn automatically by the indicator with the specified step. Only strong levels are drawn in the automated mode. There are two options for the automated mode: 1. Strong levels of intersection and support/resistance; 2. Strong support/resistance levels. The indicator use
The indicator analyzes the change in the minimum and maximum prices of the previous bars fixing the entrance of the big players. If the change (delta) increases, a signal is displayed on the graph in the form of an arrow. At the same time, virtual trade on history is carried out. In case of a repeat of the signal, the positions are increased (refilling). Thus the lot of positions can differ. The results of virtual trading in the form of losses / losses, profitability, drawdown and transaction li
The cut release of Top Signals Strategy EA for less price. With default parameters EA works in Assian session and scalps market. EA opens trades by RSI indicator signals in a specified time interval. In the case of a repetition of the signal opens a unidirectional transaction. The number of transactions per day can be limited. Revolves trades on the opposite signal. Displays information on trade and its results. Also you can set virtual stop loss and take profit. Telegram channel for discation p
The cross-correlation indicator calculates the relationship between the specified pairs for the previous period. Automatically selects the instruments with the highest and the lowest correlation, and then simulates trading on the selected pairs on the same test period. Then indicator displays the pairs that have shown the best trading results. Visualizes the PAC (Pairs Arbitrage Correlation) criterion for the pairs selected by the trader. The signal to open trades is set by the PAC levels. When
EA trades pairs selected by correlation criterion. The choice is made in such a way that there are pairs with negative and neutral correlation to the main pair. The PAC indicator is used to automate the selection of pairs  https://www.mql5.com/en/market/product/41985 Expert is multycurrency, thus it is no use to test it in the MT4 terminal. So, watch for real signal and joing to telegram channel. After setting the pairs, the expert Advisor simulates trading for the previous period with visualiz
Simplified release of PACman EA. Expert is multycurrency, thus it is no use to test it in the MT4 terminal. So, watch for real signal and joing to telegram channel. After setting the pairs, the expert Advisor simulates trading for the previous period with visualization of the results. The user can interactively change the signal levels and observe their impact on the simulation result. In this way, you can select the optimal level values. By manually moving the vertical boundary lines to the ri
Dublicator
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Simple and fast trade duplicator that copies trades on the same account with the reverse function. The reverse can be used for locking. You can choose to duplicate transactions for the current or all instruments.  Parameters Duplicate in reverse - the direction of duplication; Duplicate symbol - duplicate the selected tool; Manual lot size - hand size of the volume; Do not duplicate if spread > - do not duplicate a trade if the current spread is larger; List of magic to be duplicated - fi
Indicator shows the price history. The history is read for vertical lines and output for the main line. Those lines are the time cursors. You can use the indicator to analyze the price cycle over time, thereby predicting its movement. The duration of the forecast and the number of time cursors can be set in the indicator parameters. Additionally, you can link the main line to a new bar. Lines can be moved manually. Analyze the cyclical nature of the market using this indicator. Indicator pa
This expert Advisor uses the saved trading history to repeat trades in the strategy tester. Meanwhile you can set other values for take profit, stop loss, and closing time. Thus, you can check how the results of trading with other parameters would look like. The best set of parameters can be obtained using the strategy optimizer in the MT4 terminal. In addition, you can find out how the results of trading would be affected by the later opening of trades when the price went to the loss side. You
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Versión 6.6 2018.07.24
1. The EA has been recompiled to the new Build.
2. The EA works in the Open prices only mode during testing and optimization.
3. Added Buy and Sell labels on the chart. When one of the labels is deleted manually, a deal in the opposite direction is opened.
Versión 5.0 2015.10.05
1. The EA reverses an open deal into the opposite direction deal if signal is received.
2. Optimized offline testing capabilities.
Versión 4.2 2015.08.12
1. In Free version lot size limitation is canceled now.
2. In addition to write levels ("w") and read levels ("r") regimes, automatic levels were added. They are set at maximum and minimum opened price of H1 bars of a last week trade period. Just set levels w/r/a/ parameter to "a".
3. Now, you cannot change parameters on a chart. Use F7 instead.
4. Writing or reading the levels, as well as their setting are accomplished every minute at 00 sec.
Versión 4.0 2015.07.24
1. Fixed minor errors.
2. Now you can set the mode of reading or recording levels via the corresponding parameter - levels ("r" means reading, "w" means recording). Thus the EA launched on one account can read and draw levels of another expert launched on another account. It can be used for working with various strategies from same levels, using different stop loss, take profit trading modes (breakthrough/bounce).
Versión 3.0 2015.07.15
1. Changed the principle of setting the trading mode when the line is crossed. Crossing level trading mode now is sett only by the double arrow - ↕.
2. Switching line off principle is changed. Line is switched off if incompatible trade modes were set - ↕↓↑, ↕↑ or ↕↓. Up arrow and down arrow mean bounce from the line.
3. The trading mode (arrow type) is now logged in the line history, which is used for parameters optimization.
4. Line history is now logged to the common directory of trading terminals.
Versión 2.0 2015.05.14
1. Upon request of one of the buyers, added the ability to change a traded timeframe (that affects the interval between a closed deal and checking the presence of a signal for opening a next deal). To do this, set the 'timeframe' parameter to the necessary value: M1, М5, М15, М30, Н1, Н4 or D1. You can also disable control over the current bar's Open price location between the 'front' line and the level (open_before_front parameter - on/off).
2. If you are used to waiting out your losses, you are free to do that now. Simply set 'back' and 'sl' parameters to similar values (for example, back=200, sl=200). When a deal is opened, a stop loss is not placed (only take profit). If the price crosses the 'back' line, a take profit is moved to the Open price by 'outsit*front' value, while the EA starts waiting for the next signal. Thus, several deals in both directions can be opened at a single symbol.
3. If you define support/resistance levels so late that the price usually manages to break them through by the time you do that (this often happens to me) rather than roll back, you should trade breakthroughs. This option is enabled by setting the 'tp' parameter to a negative value. You can also use here the method described in p. 2.