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Mike Semlitsch  

Here is a video that explains how you can use the indicator "Support Resistance Multi Time Frame" to get a great edge over the market:


Best regards
Mike Semlitsch

Fx_Underground  

Good day Sir;


You stated this indicator works only with GBP_USD and EUR_USD; what about the other pairs please just to clarify this


Is this an experimental indicator at this stage just for this 2 pairs ?



Thanks sincerely

William Veraar  
In the video you give a reference where to enter the market, but what would be the stoploss/take profit?
Mike Semlitsch  
Fx_Underground:

Good day Sir;


You stated this indicator works only with GBP_USD and EUR_USD; what about the other pairs please just to clarify this


Is this an experimental indicator at this stage just for this 2 pairs ?



Thanks sincerely

Hi FX_Underground,

there is full version too: https://www.mql5.com/en/market/product/29247

Best regards

Mike Semlitsch

Mike Semlitsch  
William Veraar:
In the video you give a reference where to enter the market, but what would be the stoploss/take profit?

Hi William,

Stops and targets are up to the users discretion.


Best regards

Mike Semlitsch

sandeep  

Hi Mike

it seems to be a good indicator. tested in EUR USD and GBP USD

few queries

1. Is it applicable for currency only or can be used with Indian Stock Market(NSE)

2.Sometime I find delay in getting Support resistance line when working in H1 or above level


What is right approach of working with these Support Resistance line.

Would u suggest to look @ 15 min SR line. on breakout of first candle and other conditions buy trade ?

and close based on resistance line whether it is H1 or 15 min. 


I may be wrong. Please suggest correct approach please

Mike Semlitsch  
sandyzcool:

Hi Mike

it seems to be a good indicator. tested in EUR USD and GBP USD

few queries

1. Is it applicable for currency only or can be used with Indian Stock Market(NSE)

2.Sometime I find delay in getting Support resistance line when working in H1 or above level


What is right approach of working with these Support Resistance line.

Would u suggest to look @ 15 min SR line. on breakout of first candle and other conditions buy trade ?

and close based on resistance line whether it is H1 or 15 min. 


I may be wrong. Please suggest correct approach please


Hi Sandyzcool,


I suggest using H4 and D1. They are more meaningful than on H1 or lower.


Cheers Mike

sandeep  
Mike Semlitsch:


Hi Sandyzcool,


I suggest using H4 and D1. They are more meaningful than on H1 or lower.


Cheers Mike

Thanks Mike

Is it applicable for Indian market

As suggested H4 and D1. We must look for Short term or long term trade and not intraday with this indicator?

Adeshola Adeyinka  
Hello Mike nice tool you have here, it is time you give us the MT5 version.  How soon can we have this in the market?
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