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Support and Resistance Zone

The Expert Advisor works using the opening prices of new bars. The strategy is based on the breakout/rebound from newly formed support and resistance levels. The support/resistance levels are identified using a narrow range of fluctuations in High/Low price of the bar for the period n. Entries are made in the direction of the initial movement from a level +/- n points.

The EA is designed for intraday trading with all major currency pairs on any timeframe. Any trading style can be used, which makes the EA not just a trading robot, but a multifunctional flexible designer. The EA applies dynamic levels for placing new orders, stop loss, take profit and trailing stop levels invisible for brokers. Their values can be calculated in pips, in money, in percents of the balance or based on volatility (ATR).

Each block responsible for management of a particular function can be customized separately and operate as a single unit. The EA is able to interact with and to positions opened in different directions (both single orders and order baskets), close interact with positions opened manually or by another expert (start managing deals, distinguished by magic number). Since the EA works on open prices of new bars, it can be optimized easily and quickly.


Recommendations

  1. Before using on a live account, test the EA with minimal risk on a cent account;
  2. Use VPS or hosting server with minimal network latency to the broker's server;
  3. Low spreads + low commission + high quality execution are important when choosing a broker to trade;
  4. Use the EA on high liquid pairs, such as EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD, NZDUSD;
  5. Minimum deposit - 1000 currency units per 0.01 lots;
  6. H1 timeframe.


Parameters

  • MaxHighLowRange - the maximum range of the High/Low price fluctuation of a bar.
  • MaxBarsInRange - maximum bars in the search range.
  • MinBarsInRange - the minimum number of High/Low bar prices in the range.
  • IndentFromRange - indent from the level for opening positions, not used if 0.


Most Relevant Parameters

  • StartTime, EndTime - time for opening orders, not used if 00:00.
  • LotsFor1000 - initial lot size per 1000 units of base currency.
  • ATRPeriod - period for calculating the average daily volatility, in days.
  • TradeDirection - trading method: trade in one or both directions simultaneously.
  • OrderOpenMode - calculation of step for opening orders: in pips, in the deposit currency, as a percentage of the balance or as a percentage of ATR.
  • GridStep, GridStop - step for averaging positions, not used if 0.
  • PyramidStep, PyramidStop - step for increasing positions, not used if 0.
  • HedgingStep, HedgingStop - step for hedging positions, not used if 0.
  • CountingOrders - order counting: each series separately or the total number of orders in different directions.
  • GrowingVolume - scale in to positions by the amount of orders or by lot increment.
  • IncreasingLot, DecreasingLot - increase/decrease the lot by the specified percentage, not used if -0.
  • StartIncrease, StartDecrease - the position to start increasing/decreasing the lot.
  • MaxLotFor1000 - the maximum lot per 1000 units of base currency.
  • LevelsMethod - setting take profit/stop loss: separately for short and long positions or for the entire basket of orders.
  • LevelsMode - calculation of take profit/stop loss: in pips, in the deposit currency, as a percentage of the balance or as a percentage of ATR.
  • StopLoss, TakeProfit - stop loss and take profit, not used if 0.
  • TrailingMethod - trailing stop method: separately for short and long positions or for the entire basket of orders.
  • TrailingMode - calculation of trailing stop: in pips, in the deposit currency, as a percentage of the balance or as a percentage of ATR.
  • TrailingStop, TrailingStep - trailing stop and trailing step.
  • MagicNumber - magic number, the EA manages all positions opened manually or by another expert if set to -1.
  • TradeComment - trade comment.
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Scalper MultiCharts - totalmente automático multimoedas sistema de negociação para a noite de escalpelamento.  Versão do conselheiro ScalperMultiCharts para o terminal de MT5 https://www.mql5.com/ru/market/product/33510 O acompanhamento do trabalho de conselheiro, você pode ver aqui  https://www.mql5.com/ru/signals/732551 Características  -Conselheiro comercializa no EURUSD, usd / chf, gbp / usd, usd / cad, USD / jpy, aud / usd, o NZDUSD, AUDCAD, AUDCHF, AUDNZD, CADCHF, EURCHF, NZDCAD, EURCAD
149.99 USD
BKK Scalper
Orathai Chitphuengtham
LAUNCH PROMO: ONLY 9 COPIES OUT OF 10 LEFT AT $ 999 ! Next price:        $ 1499 Price will be kept high to limit number of users for this strategy BKK Scalper Integrating the advantages of the popular Scalper EA on the market, the team has been optimized for 6 months.is an innovative EA that incorporates some very advance secretive trading algorithm. when detects small deviations and enters in the contrary direction trying to close the operation in the level before that deviation happens. LIVE s
999 USD
Million Idea
Dhanaraj
⭐⭐⭐⭐⭐   HALLOWEEN DAY OFFER PRICE $ 249 Important Information 🎁 By purchasing this Expert Advisor you are entitled to receive a free copy of   Good Vibes EA   -> To Receive it, Please Contact me by mql5 message! 🎁 SET FILE : 🔥 10 YEARS BACKTESTED EURUSD SET FILE ( ✦ EQUITY GUARDIAN  ✦ VOLATILITY FILTER ) 🔥 SET FILE :  GBPUSD  (LONGER RUN SET FILE) SET FILE : EURUSD  (LONGER RUN SET FILE) 🔥 MI HAS BUILT-IN NEWS FILTER (Follow this document to enable NEWS FILTER) 🔥 MI HAS BUILT-IN EQUITY
249 USD
PipFinite Trend Grid EA
Karlo Wilson Vendiola
Smart Grid Trading Expert Advisor Based on the Direction of the Trend. This EA uses an innovative approach in grid trading equipped with customizable parameters. Optimized settings and results can be accessed on our Private Telegram Group. Private Telegram Group Access Send a proof of purchase to ► support@pipfinite.com / MQL5 Private Message Free settings on telegram channel ► https://t.me/pipfinite/508 Notes EA will only work on LIVE if you purchased the indicator: PipFinite Trend PRO M
98 USD
Friday Monday
Konstantin Kulikov
ONLY 7/20 COPIES AVAILABLE AT 280$ NEXT PRICE -> 380$ This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account:   https://www.mql5.com/en/signals/395124   . Therefore, as an alternative or addition to th
280 USD
Turtle Scalper Pro
Michela Russo
Turtle Scalper Pro is a trading robot  for the trading on forex. This is a mix of Trend Following and Counter Trend system.   Backtest Now! This Expert advisor not use   arbitrage, grid, martingale or other dangerous strategy , All Trades are covered by StopLoss and TakeProfit . Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Wasp Crazy Pro ! (All future updates included) -> To Receive it, Please Contact me by   mql5 message   o
195 USD
Speed Magic New
Volha Loyeva
⭐⭐⭐⭐⭐ Speed magic New MT5 version   Русскоязычное описание Telegram band Speed Magic .set files and expert settings Speed magic New - This is a  completely new trading system  to achieve the  fastest possible profit  . This is a   mixture of  one of the best time-tested trading systems with the addition of aggressive parameters and an aggressive hedging system. This is not a grid or scalper familiar to everyone with a maximum deposit load, but an   artificial intelligence system  for
99 USD
Trend Line GRID mt4
Evgenii Aksenov
⭐   ⭐   ⭐   ⭐   ⭐  LAST WEEK PROMO PRICE!!! 🏃   🏃   🏃 This is a grid EA based on the signals of the   Trend Line PRO   indicator:   https://www.mql5.com/en/market/product/42399 The User's manual:   here   📢   Telegram:   https://t.me/   INFINITY_PRO_ED   📈  Real account signals:     here 🔥🔥🔥   Promo "Buy one Get one free   ►     https://www.mql5.com/en/blogs/post/740436 Trend Line GRID EA   trade the first order based on the indicator signal and builds a grid if the price deviates. Af
98 USD
Black Horse
Ramil Minniakhmetov
 Black Hourse full auto Expert Advisor   uses Ant channels in its work. It is based on short-term reversal patterns that take advantage of the tendency of currency pairs to move towards the mean. Real operation monitoring as well as my other products can be found here:   https://www.mql5.com/en/users/mechanic/seller The settings will be added in the comments #28 as they are optimized.    Telegram is  here . Inputs Value: NewCycle  — when enabled, the EA works non-stop, otherwise, the EA do
99 USD
Panther Trader Pro
Michela Russo
Panther Trader Pro is a trading robot  for the trading on forex. This is a Trend Following system that trades mainly during Asian Session. The EA has been subjected to  stress tests  for a period of  17 years  and  passes every year  with a very advantageous profit/drawdown ratio. Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Fox Trader Pro ! (All future updates included) -> To Receive it, Please Contact me by mql5 message or
195 USD
Stenvall Invest
Gennady Sergienko
default settings:           EURUSD M5   (or you can set the sets that are used on ICM signals from here -   set standart.set ) email:                   lleonea.com@gmail.com telegram for pm:  @leontolstoy Does not use dangerous strategies such as martingale or grid. Orders are protected by a real stop loss. No deceptive strategies such as breakout, impulse or rollover trading. You don't need a VPS or a low spread or anything like that, just a market execution with a hold of 1-4 hours and an a
899 USD
ATS Advisor
Ivan Bebikov
The MT5 version of the expert Advisor is here -  https://www.mql5.com/en/market/product/54481 (In MT5 and MT4 versions, there may be slight differences due to the implementation of the code on MT5) ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Fully automatic adviser, with a system for recovering from losses. The strategy is based on the breakdown of signific
399 USD
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