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Trade on manually drawn Support and resistance zones

MQL4 Uzmanlar Forex Statistics and mathematics

Şartname

1. GENERAL ENTRY LOGIC
 The EA will only operate on manually drawn rectangle zones (support & resistance).
 Trade trigger rules:
o Zone Confirmation: First, at least one candle must close inside the zone.
o Entry Confirmation: Any next candle must close outside the zone (either on the breakout side
or the reversal side). After that close, price must move a user-defined number of pips in the
same direction. Only then will the EA open a trade. (There are separate user inputs for the
required pip move for reversals and for breakouts.)
2. TRADE TYPES
 Reversal Trade: If a candle closes inside the zone, then the any next candle closes on the opposite
side of the zone and price moves the user-defined reversal pips in that direction → open a reversal
trade.
 Breakout Trade: If a candle closes inside the zone, then the any next candle closes on the same side
of the zone and price moves the user-defined breakout pips in that direction → open a breakout trade.
 Special Case — Long Candle Break: If a single long candle crosses the entire zone and closes
outside without any close inside the zone, treat this as a valid breakout/reversal. In this case the same
user-defined pip move is required before placing a trade.
3. RISK MANAGEMENT — STOP LOSS (SL) & TAKE PROFIT (TP)
 Stop Loss (SL): The SL for each trade is set at the zone boundary or at the start of the zone (userselectable separately for reversal and breakout trades), plus a user-defined buffer in pips.
 Take Profit (TP): By default TP is set at the start of the next rectangle zone in the same direction. If
no next zone is available, TP is set automatically based on a fallback risk:reward ratio (userconfigurable, for example 1:3).
4. ZONE-WISE SL CONTROL
 Maximum SL per Zone: Each zone has a user-defined maximum number of SL hits. If the total SL
hits (reversal + breakout) for that zone exceed the limit, the EA will stop trading for that zone.
 Zone Reactivation Condition: After the SL limit is hit, the EA will only resume trading in that zone
when price moves away from the zone by a user-defined number of pips (up or down) and then returns
to the zone. When this condition occurs, the zone’s SL counter is reset and trading may resume.

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