Support and resistance expert

  • Utilità
  • Stephen Barasa
    Stephen Barasa

    Stephen Barasa

    2.7 (4)
    i program and create working expert advisors for mt5, the advisors/ robots that i create are also used personally, ny the time i put it out for a sale it means i want you to benefit as well.
    please enjoy and provide feedback so that we can improve on the products.
    6 prodotti
  • Versione: 1.0
  • Attivazioni: 10

🔹 Expert Advisor Name

support and Resistance swing bot

📌 Product Description

This Expert Advisor is a Support & Resistance–based trading system designed for BTCUSD, using Daily timeframe (D1) market structure to identify high-probability trade zones.

The EA automatically analyzes key Daily support and resistance levels and executes trades only when price reacts at these critical areas, helping filter out low-quality entries and reduce noise common in lower timeframes.

Built for discipline, simplicity, and consistency, this EA is ideal for traders who prefer structure-based trading rather than indicators overload.

⚙️ Strategy Logic

  • Uses Daily (D1) Support & Resistance levels

  • Trades BTCUSD only

  • Entries occur when price interacts with predefined S&R zones

  • Designed to capture high-probability market reactions

  • Fully automated execution (no manual intervention needed)

📊 Recommended Trading Settings

  • Symbol: BTCUSD

  • Timeframe: Daily (D1)

  • Minimum Balance: $500

  • Lot Size: 0.01 (optimized for $500 accounts)

  • Account Type: Any (ECN / Standard supported)

⚠️ Using higher lot sizes or lower balances increases risk.

🚀 Key Features

✔ Daily Support & Resistance trading
✔ Optimized for BTCUSD volatility
✔ Fixed risk-controlled lot size
✔ No indicator clutter
✔ Works 24/7 automatically
✔ Beginner-friendly setup

🖥️ How to Attach the EA to a Chart (MT5)

  1. Open MetaTrader 5

  2. Go to File → Open Data Folder

  3. Copy the EA file into:
    MQL5 → utilities

  4. Restart MT5

  5. Open BTCUSD chart

  6. Set chart timeframe to D1 (Daily)

  7. Drag the EA from Navigator → Expert Advisors-utilities onto the chart

  8. Enable:

    • ✅ Algo Trading

    • ✅ Allow Live Trading

  9. Click OK

The EA will start trading automatically.

⚠️ Risk Disclaimer

Trading cryptocurrencies involves significant risk. Past performance does not guarantee future results. Always test on a demo account before trading on a live account.


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