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Resistance Support Lines EA PRO

Expert Advisor for trading on resistance / support levels built on my level indicator Resistance Support Lines Pro

Features:

Often the price does not reach the indicator line or on the contrary goes beyond it for several points and returns (in case we are looking for breakout trades), to solve this problem you can set the signal zone in points from the indicator line The size of the signal zone is set in the "TradeSignalPoint" parameter, in points from the indicator line. In addition to simple passing or bouncing of the price from the support/resistance line, the Expert Advisor can be configured to additionally check the price behavior in the Trade Zone. Trade Zone (TradeIntervalPointMin, TradeIntervalPointMax is set) if it is enabled and the price has not gone beyond this zone after the signal, then the Expert Advisor creates a Buy/Sell order. The trade zone can be disabled by setting the values (TradeIntervalPointMin, TradeIntervalPointMax) equal to zero.

Settings:

1. ——— TRADE SETTINGS ———

trading parameters
  • Direct trade (TradeDirect) - direction of opening trades "Break" - trade on break of indicator lines, "Bounce" - trade on bounce from indicator lines;
  • Trade signal point (TradeSignalPoint) - number of pips from the indicator line when the breakout/rebound signal is activated;
  • Trade interval point min (TradeIntervalPointMin) - the first value of the trading interval to check the price movement. It is measured in pips from the indicator lines;
  • Trade interval point max (TradeIntervalPointMax) - the second value of the trading interval to check the price movement. It is measured in pips from the indicator lines;
  • Trade bar (TradeBar) - number of the bar from the signal bar on which it is necessary to make a deal;
  • Trade pause (TradePause) - pause in minutes between market entries;
  • StopLoss;
  • TakeProfit;
  • Maximum open orders (MaxDeals) - maximum number of simultaneously opened positions;
  • Maximum open orders (MaxHoldMinutes) - maximum time of position holding, in case of its expiration the position will be closed forcibly;

2. ——— INDICATOR SETTINGS : «ResistanceSupportLinesPro» ————

Here are the parameters for the indicator Resistance Support Lines Pro, they are described in detail on the indicator page.

——— RISK SETTINGS ———

risk and transaction volume management
  • Risk % (RiskPercent) - risk percentage calculated based on the balance and StopLoss
  • Fix Lot (FixLot) - if RiskPercent=0 then this value is used as a lot
  • Max Lot (MaxLot) - maximum possible lot
  • Min Lot (MinLot) - minimum lot value

3. ——— MARTINGLE GRID SETTINGS ———

  • MartinGridEnable - On / Off
  • Step ponts (MartinGridStep) - at what distance to place the first order of the martingale grid when MartinGridStepCoef = 1
  • Step multiplication coefficient (MartinGridStepCoef) - coefficient of increase/decrease of distance of subsequent orders of deals
  • Lot multiplication coefficient (MartinGridLotCoef) - coefficient of increase/decrease in the volume of transactions
  • Summ takeprofit point coefficient (MartinGridSumTpCoef) - when this profit is reached all deals in this direction are closed
  • Maximum open orders (MartinGridMaxDeals) - maximum number of simultaneously opened martingale grid orders

4. ——— EA INFO ———

information section for tracking Expert Advisor orders
  • Magic Number Prefics (MagicNumberPrefics) - number prefix, in order to calculate the Magic Number;
  • Write Comment Order (WriteCommentOrder) - whether to fill the comment field in the order or not;



Contact:

If you have any questions or need assistance, please contact me via direct message.

Author: 

Fertikov Serhii, More of my indicators, advisors, scripts are available in the seller's profile.

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HFT PropFirm EA MT5 is  also known as Green Man due to its distinctive logo by Dilwyn Tng, is an Expert Advisor (EA) crafted specifically for overcoming challenges or evaluations from proprietary trading firms (prop firms) that permit High-Frequency Trading (HFT) strategies. Free  Swing Signal Group and Gold Scalping Signal after you have passed a challenge. MT4 Version:  https://www.mql5.com/en/market/product/104871 Passing HFT MT5 Challenge Performance Monitor (not for live account): Broke
The King Advisor MT5
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The King Advisor is a highly advanced neural network algorithm. Its strategy is based on the identification of support levels, resistance and trend lines through a sophisticated self-learning system and a trading system devised with years of experience and work. Developed by a team of experienced traders. PLEASE NOTE THAT THERE WILL BE A LIMIT OF 200 EXEMPLARS --> Total copies sold updated: 190 New Live Signal: https://www.mql5.com/en/signals/2252376?source=Site+Profile+Seller We have a promotio
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Dilwyn Tng
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Live Signal:  https://www.mql5.com/en/signals/2233179 Gold Mana   is developed with over a year of intense research and testing. This expert advisor employs multi-timeframe volatility measurements, analyses intentions of market participants and anticipate price movements before they occur with help candlestick patterns, and supply & demand analysis for accurate entries that are highly reactive to market price movements of Gold,   breaking out at critical price levels .  It comes with dif
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Gold Trade Pro MT5
Profalgo Limited
4.56 (32)
LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ Get 1 EA for free (for 2 trade accounts) -> contact me after purchase Ultimate Combo Deal   ->   click here Live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set File JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro joins the club of Gold trading EA's, but with one big difference: this is a real trading stra
US30 Scalper EA MT5
Lo Thi Mai Loan
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Launch promo! Only 2  copies left at current price! Next price: 1733$ Final price: 3993$ Buy US30 Scalper and you could get Nasdaq Algo for free ! => Contact after purchase Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT4:  https://www.mql5.com/en/market/product/113580?source=Site+Market+Product+Page More analytics:  https://www.mql5.com/en/blogs/post/756452 For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/users/lothimailoan/s
Bonnitta Gold MT5
Ugochukwu Mobi
5 (2)
Bonnitta Gold   is based on personal Bonnitta Trading Indicator and a very advanced secretive trading algorithm. The strategy of   Bonnitta Gold  is a combination of a  secretive custom indicator , Trendlines, Support & Resistance levels and most important secretive trading algorithm mentioned previously. BONNITTA GOLD NEEDS HIGHER LEVERAGE FROM 400 AND ABOVE - I TESTED IT WITH 10,000 USD AND LEVERERAGE OF 1:500 PLEASE SEE THE REAL ACCOUNT LINK BELOW. YOU NEED BIG LEVERAGE  AND HIGHER RISK TO U
OverPower MT5
Inrexea Limited
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No Backtesting is allowed: (Overpower IS NOT A HFT Strategy, Will not be violated by Prop firm rules) We don't rely on backtest results. The backtesting environment can't access our database to retrieve historical data. We aim to provide clarity to EA traders and not mislead them. The best approach is to monitor our signals. If you're wondering how to verify that it works with your broker, the response is the same: backtesting results alone don't prove effectiveness. The OverPower Trading Robot
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