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Support and Resistance trader EA MT4

Identify key support and resistance zones, and execute trades strategically when the market exhibits overbought or oversold conditions.

This EA, referred to as "Supply Demand Agent," is designed to help traders find suitable entry and exit points in the market based on support and resistance areas, as well as overbought and oversold conditions. Let's break down the key input parameters to explain how the EA operates:

  1. Money Management Settings:

    • LotSize : Specifies the initial lot size for trading.
    • Multiplier : Allows you to multiply the lot size based on certain conditions.
    • MultiplierPeriod : Determines the number of consecutive losing trades required to trigger lot size multiplication.
    • RPR (Risk per Reward): Sets the risk-reward ratio for trade management.

  2. Trade Management Settings:

    • SLDistance : Configures the stop-loss (SL) distance in pips.
    • TrailingSL : If enabled, the EA will move the stop loss to breakeven when a trade is in profit.

  3. Indicators Settings:

    • AtrPeriod : Defines the period for the Average True Range (ATR) indicator, typically used to detect market volatility and potential price range.
    • mfiperiod : Sets the period for the Money Flow Index (MFI) indicator, which helps identify overbought and oversold conditions.

  4. MFI Buy/Sell Thresholds:

    • MFINumBuy : Specifies the MFI value below which the EA should consider buying, particularly in the "Demand Zone."
    • MFINumSell : Sets the MFI value above which the EA should consider selling, particularly in the "Supply Zone."

In summary, this EA helps traders manage their positions by adjusting lot sizes based on consecutive losses, adhering to a specified risk-reward ratio, and implementing a trailing stop loss. It also relies on the MFI indicator to determine buy and sell signals in the "Demand Zone" and "Supply Zone" based on overbought and oversold conditions. Additionally, it uses ATR to gauge market volatility and adjust its strategies accordingly.

To use this EA effectively, you would need to configure these parameters according to your trading strategy and preferences. It combines support and resistance concepts with momentum indicators to make informed trading decisions.

Recommended pair is EURUSD


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5 (1)
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Ho Tuan Thang
3.93 (14)
Experten
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Babak Alamdar
4.21 (14)
Experten
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LEE SAMSON
4.71 (7)
Experten
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4.1 (10)
Experten
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5 (6)
Experten
Der ermäßigte Preis von 463 $ ist bis zum 30. Juli 2024 verfügbar. Der Preis ohne Rabatt beträgt 853 $. Überprüfen Sie die Live-Ergebnisse hier: $50K Persönliches Signal:   [Hier klicken] Prop-Firma Live-Signal:   [Hier klicken] MT5-Version hier:   [Hier klicken] Willkommen bei   Quantum Algo Trading MT4 EA . Dieses EA ist darauf ausgelegt, mehr als nur ein mechanisches System zu sein; es wird Ihr Begleiter auf Ihrer Handelsreise ein Leben lang sein. Das EA verwendet ein Ausbruchssystem m
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Sang Sariaji Sakti
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$999.99 END ON MONDAY, JULY 22, 2024 !   "FUTURE SIGHT OFFICIALLY ONLY SOLD IN MQL5" SAVE YOUR MONEY FOR THE AUTHENTIC FUTURE SIGHT, NOT WORTHLESS PIRATED COPIES. NEXT PRICE $850. FUTURE SIGHT IS EQUIPPED WITH HIGH SECURITY FEATURES AND HAS A UNIQUE CODE. THIS MAY STOP USERS FROM USING PIRATE FILES, IF APPROVED BY AUTHORIZED FUTURE SIGHT USERS, SO PROTECT YOUR MONEY! FUTURE SIGHT WITH A  WIN RATE OF MORE THAN 80% , OPENING 10 TO 20 OR MORE TRADING EVERY DAY ON 8 SYMBOLS, LOW RISK WITH  "SPECIAL
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5 (2)
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Diamond PRO is enhanced powerful version of Diamond for advanced traders. Pro version includes optimized cores, new impoved entry points filters, new multistage profit closure algorithm and сontains number of external control parameter that allows build and fine tune own tradind decisions and algorithms. The system provides more accurate market entries, analyzes and filters upcoming economic news, contains spread protection and an advanced position management algorithm. Main goal of Diamond PRO
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4.78 (502)
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EA Black Dragon arbeitet mit dem Black Dragon-Indikator. Der Expert Advisor eröffnet einen Deal anhand der Farbe des Indikators, dann ist es möglich, das Ordernetzwerk aufzubauen oder mit einem Stop-Loss zu arbeiten. Die Überwachung der realen Arbeit sowie meine anderen Entwicklungen finden Sie hier: https://www.mql5.com/en/users/mechanic/seller Alle Einstellungen finden Sie hier! Empfehlungen Währungspaare EURUSD GBPUSD  Zeitrahmen M15  Empfohlene Einzahlung 1000 Dollar oder Cent  Empf
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Experten
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5 (5)
Experten
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4 (8)
Experten
15% Discount Going on Previous Price 350$ Current    Price 299$ Best EuroUsd EA in the market...101$ to 1040$ (940%)  in 12 months . Contact @mahicmc21 telegram  EA Strategy Take scalp Positions in Higher Time Frame Trend with safe Pips Distance/ Major Pair EurUsd Then you can also use :AudUsd/GbpUsd/NzdUsd Major & Safe TF is H1 / Minor & Aggressive TF is M1 Minimum Deposit is 500$ / SAFE Deposit is 1000$ For each 500$ you can add 1 Major Pair I am running this EA 24 Hour with all high impa
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