Support Resistance and Signal

This EA allows you to manage support and resistance zones on MetaTrader 5…but not only: To your buying and selling zones (you can configure 2 sellings zones and 2 buyings zones),
you can add 3 options (2 with multiframes) to enter a position:

Option 1:this is the option that enters a position without a signal: as soon as the price reaches the zone, the robot sends a trade.
Option 2:here the robot will wait for a break in the selected timeframe. Example: you put your zones on an H4 graph (for visibility you leave it on the H4), and you want a signal in 15min with a candle break: select timeframe 15 in the EA.
Option 3:same principle as option 2 but with an engulfing.

Trades are launched 100% auto when you have configurated your zones. 

To optimize the trade: there is a trade manager with:
Lot size
SL 
TP1 with partialClose.
Sl after TP (for BE: 0)
TP2

Recommendation :

For swing trading: take H4/Daily zones or higher and update the BUY and SELL zones every weekend. Because the graphics evolve.
For intraday or intraswing trading, update zones daily with H1/H4 timeframes
For scalping: updated zones several times a day…..with timeframes in minutes.


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The added video will showcase all functionality, effectiveness, and uses of the trade manager. Drag and Drop Trade Manager. Draw your entry and have the tool calculate the rest. Advanced targeting and close portions of a trade directly available in tool (manage trades while you sleep). Market order or limit order on either side with factored spread. Just draw the entry, the tool does the rest. Hotkey setup to make it simple. Draw where you want to enter, and the stop loss, the tool calculates al
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This EA takes trades based on a configured RSI level. At each candle close, it will resume a position if the one closes above the previous one.... The SL and TP are positioned and it is the sum of all the trades initiated that will close the positions: Either in % of capital, or in pips. IMPORTANT : it is the magic number that allows the EA to properly close positions. so be sure to put different magic numbers on each graph. Important : have a good money management with this type of EA (little
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Important : have a good money management with this tpe of EA (little lot size....and avoid margin call) The EA takes a trade when 2 conditions are met: The achievement of an RSI level, and the break of a moving average of your choice. When the trade is initiated: the SL is positioned (in pips) the TP1 can be: the kijun, or another moving average, you can configure a value approaching the TP1 (which avoids the price shift of brokers) the partial close is done the SL after TP1 can be configured
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Domi2
56
Domi2 2022.05.04 07:43 

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