H1 Support Resistance Trader
- Experts
- Version: 2.32
- Activations: 5
H1 Support Resistance Trader is an Expert Advisor that identifies nearby support and resistance levels from H1 swing points. The zone width is calculated using ATR. The EA can trade reversals, breakouts, or both entry types.
MAIN FEATURES
- H1 support and resistance calculation on any chart timeframe.
- Reversal entries when price reaches a calculated zone.
- Breakout entries after an H1 candle closes beyond a calculated zone.
- Three selectable entry modes: reversal, breakout, or both.
- Fixed-volume position sizing with broker volume normalization.
- Two optional negative-distance additions within the original stop range.
- One positive-distance addition when price moves in the trade direction.
- Break-even and trailing-stop basket management.
- Spread, stop-level, freeze-level, volume-limit and free-margin checks.
- On-chart controls for trading status, volume and initial stop distance.
- Clean chart operation without visible support and resistance lines.
- Supports both hedging and netting accounts.
HOW THE STRATEGY WORKS
The EA scans H1 price history for the closest confirmed swing low below the current price and the closest confirmed swing high above the current price. ATR determines the half-width of each internal trading zone.
In reversal mode, the EA buys at the support zone or sells at the resistance zone. The opposite zone can be used as the initial target after applying the TargetZoneOffset setting.
In breakout mode, the EA waits for a completed H1 candle to close beyond a zone. Breakout positions do not use a fixed zone target and are managed by break-even and trailing stop.
BASKET MANAGEMENT
NegativeDCA1Ratio and NegativeDCA2Ratio define two adverse-distance levels as fractions of InitialSLPrice. PositiveDCA defines the favorable-distance level for one additional position. Once the positive addition is opened, negative additions are disabled for that basket. All additions use the current FixedLots value.
IMPORTANT SETUP INFORMATION
- The EA always calculates signals from H1 data, regardless of the chart timeframe.
- EnableTrading starts as false on a live chart. Use the on-chart TRADING button or set the input to true when you want automated trading.
- FixedLots defaults to 0.01.
- InitialSLPrice and the DCA, break-even, trailing and target distance settings are expressed in absolute symbol price units, not points or pips.
- Default distance values are suitable for instruments with a gold-like price scale. Adjust and test these values before using the EA on Forex pairs, indices, cryptocurrencies or other instruments.
- Use one chart per symbol and a unique MagicNumber for every independent EA setup.
- Historical results depend on the broker's quotes, spread, commission, execution and symbol specification.
RISK WARNING
This EA can open additional positions in the same direction. DCA can increase exposure and drawdown. Test all settings in the MetaTrader 5 Strategy Tester and on a demo account before live use. Past backtest or monitoring results do not guarantee future performance.
