AUTOMATED TRADING EA BASED ON SUPPORT AND RESISTANCE AND OTHERS

Hello i need a trading Bot that  identifying high-probability reversal points using support and resistance levels,

trendlines, and key indicators like the Simple Moving Average (SMA) and Relative Strength Index (RSI).

The aim is to enter the market with precision, akin to a sniper, maximizing profit potential while minimizing risk.

Ensure to have dashboard and well aligned parameters

Below is the notes explaining our the strategy will work basing on different techniques.

Strategy Overview:

1. Identifying Support and Resistance Levels:

   • The EA will identify significant support and resistance levels based on historical price data or dynamic calculations like pivot points or Fibonacci retracements.
   • Confirmation: The EA will confirm the validity of these levels by checking for multiple touches or bounces over a defined period.

2. Trendline Breakout with Retest:

   • The EA will draw trendlines based on significant price movements, identifying potential trend reversals or continuations.
   • Entry Condition: When a trendline breakout occurs, the EA will wait for a retest of the broken trendline before entering the trade.

3. Indicators Confirmation:

   • Simple Moving Average (SMA): The EA will use SMAs to gauge the overall trend direction.
   • Relative Strength Index (RSI): RSI will be used to assess overbought or oversold conditions of the market.

4. Sniper Entry Conditions:

   • Once the EA identifies a potential reversal point based on support/resistance or trendline breakout with confirmation, it will wait for additional confirmation from the indicators.
   • Entry will be triggered when all conditions align, indicating a high probability of a reversal.

5. Money Management:

   • Position Sizing: Determine the size of each trade based on a predefined percentage of the account balance.
   • Stop-Loss Placement: Set stop-loss orders based on the distance from entry to the nearest support or resistance level.
   • Take-Profit Targets: Set take-profit levels based on the potential reward-to-risk ratio of each trade.
   • Breakeven Activation: Once a trade is in profit by a certain amount, activate breakeven to move the stop-loss to the entry level.
   • Trailing Stop Implementation: Trail the stop-loss further as the trade continues to move in the desired direction.

Execution:

• The EA scans the market for potential trade setups based on the identified support/resistance levels and trendline breakouts.
• Once a setup is identified, the EA waits for confirmation from the SMAs and RSI.
• If all conditions align, the EA enters the trade with proper position sizing, stop-loss, and take-profit levels.
• If the trade moves into profit, the EA activates breakeven and may implement trailing stops to maximize gains while protecting against reversals.
• The EA continuously monitors the trade and adjusts parameters as necessary based on changing market conditions.