This EA takes as a channel between your resistance and support trend lines that you draw on your graphic, and when the price reaches your support-resistance trend lines EA automatically open or close your position.
You must draw two trend line with same color for EA to work, not equidistant channel line. and this color must be specified in ChannelColor parameter
Features available for the money management
You can put limit on the number of positions that are closed with Loss...
This indicator calculates (Hourly, Daily, Weekly, Monthly) pivot point, support and resistance price with different formulation (Classic, Camarilla, Woodie, DeMark, Floor, Fibonacci) and then adds lines on the chart. Line color and style can be changed with input parameters.
And you can choose alert type (Alarm activated when price reach any pivot price)
1. Calculation Method Option (Method = Classic, Camarilla, Woodie, DeMark, Floor and Fibonacci)
Range = High...
This indicator calculates Hourly, Daily, Weekly and Monthly pivot points, supports and resistances prices and then show this pivot price lines on the chart. This indicator uses one of the Classic, Camarilla, Woodie, DeMark, Floor and Fibonacci formulas you choose when calculating. You can change pivot lines' color and style with use indicator parameters. And last, you can choose one of the "Sound Alert", "Show Alert Message", "Send Mobile Message" and "Send Email" notifications for price alert...