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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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Golden Nights EA – Mastering Nighttime Gold Scalping The Golden Nights EA is a night-time scalping strategy specifically optimized for XAUUSD, utilizing the most favorable market conditions: the low volatility and calm hours of the night. The current price is available as part of a limited-time promotion. Don’t miss your chance to get it at the best rate! The final price will be $999.  Live Results and Backtesting The performance of Golden Nights EA is also tested in a real market environment.
EA Forex Scalping es un Asesor Experto diseñado específicamente para tres pares de divisas principales: EURUSD, USDJPY y GBPUSD. Señales Solo queda 1 copia de 10 a este precio. Próximo precio: $298 Disponible para MT4 y MT5 Combinación recomendada: Se recomienda usar en conjunto con   EA US30 Scalper   y   Nasdaq Algo   para una inversión diversificada. No usa grid, martingala, IA, redes neuronales ni arbitraje. Cada operación tiene un Stop Loss (SL) fijo, que varía según el par. El beneficio s
Greedy Golden MT4
Mihails Babuskins
4.67 (3)
Important: Please use in accounts with lower swap or swap-free accounts. Real monitoring signals: Signal 1 Contact me after payment to send you the user manual PDF file See the real monitoring signal in my profile. Use only on gold and on the  BUY direction. Trading gold is attractive to many traders due to the high volatility and depth of the market. Should we invest in gold or just scalp it? Answering this question is a big challenge for many traders. X trading robot is the answer to this cha
Aureus Quantum surge - h1: liberar el potencial del comercio automático de oro Limited Time Offer: Special Offer: Current Price $799 (Limited Time)! Next price: $899 Señal de cuenta real: https://www.mql5.com/en/signals/2297864?source=Site + Perfil + vendedor Resumen Aureus Quantum surge - H1 es un consultor experto de última generación diseñado para comerciar xausd (oro) durante el período h1. Combina múltiples indicadores técnicos con técnicas sólidas de gestión de riesgos para proporcion
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AW Trading Software Limited
4.35 (82)
El Asesor Experto es un sistema diseñado para recuperar posiciones no rentables. El algoritmo del autor bloquea una posición perdedora, la divide en muchas partes separadas y cierra cada una de ellas por separado. La configuración fácil, el lanzamiento retrasado en caso de reducción, el bloqueo, la desactivación de otros asesores expertos, el promedio con filtrado de tendencias y el cierre parcial de una posición perdedora están integrados en una sola herramienta. Es el uso de cierre de pérdida
Aurum AI mt4
Leonid Arkhipov
4.92 (26)
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BTC bot mt4
Ramil Minniakhmetov
5 (15)
BITCOIN BOT Btc Bot utiliza el indicador de cinta estocástica y está diseñado específicamente para operar con bitcoins; sin embargo, también puede operar con otros pares de divisas si lo desea. Cuando la cinta pasa de rojo a verde, el EA comenzará a comprar y cuando pase de verde a rojo, comenzará a vender. Las operaciones se controlarán en un estilo martingala/cuadrícula hasta que llegue a la toma de ganancias. El EA tiene un filtro de noticias integrado que detendrá el ingreso de nuevas posi
The Sequoia Expert Advisor is a professional market analyst working using a specialized algorithm. Based on the analysis of prices over a specific time interval, it reveals the strength and amplitude of prices using a unique indication system based on real data. When the strength of the trend and its direction changes, the expert closes the current position and opens a new one. The bot's algorithms include signals about overbought and oversold markets. A purchase occurs if the signal falls belo
FX EurUsd Robot MT4
Marzena Maria Szmit
5 (13)
The EUR/USD Multi-Strategy Trading Robot MT4 is an advanced tool designed to optimize trading by combining 3 key systems:   daily trading, volume analysis, and Fibonacci   retracement levels. This robot works by integrating these different approaches to create a more dynamic and adaptable strategy for trading the   EUR/USD pair . EA adapts to different market conditions, this makes it an ideal solution for traders looking to enhance their trading strategy with a powerful, multi-faceted approach.
AW Classic MACD EA
AW Trading Software Limited
3.67 (3)
Sistema de comercio totalmente automatizado. Un indicador clásico se utiliza como señales.   MACD , que combina un indicador de tendencia con un oscilador para detectar puntos de entrada. Utiliza el promedio, la función de cierre de la primera y última canasta de pedidos y la función de cálculo automático de lotes. Tiene un tablero avanzado y tres tipos de notificaciones. Problem solving ->   HERE  / MT5 version ->  HERE   /   Instruction  ->   HERE   Beneficios: Sistema de comercio totalmente
Cross Hedge EA
Manpreet Singh
4.33 (6)
Cross Hedge EA Cross Hedge EA is a hedging EA which helps you recover the losing trade in a very tricky way based on "Zone Recovery Algorithm". It Hedge with an increased lot size based on multiplier factor in the market direction and if market reverse its direction again then it open a incremental lot in the current market direction. Doing this way it ends with a profit no matter in what direction the market will move. Use Cent account with $300 deposits atleast for gold and US30. Reach person
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Hammer Master MT5
Maziar Safaeinajafabadi
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