Levels Trader

This EA is based on All Pivots, Heiken Ashi, RSI, and Currency Strength indicators

In order for EA to open positions, candlesticks close either above or below P line (pivot line) Or S/R lines (Support / Resistance)

Click on the Photo to enlarge

We have two zones (Buy zone & Sell Zone)

Each Support or resistance line represents a trade line and the next one is the TP

So how the EA works?

A candlestick closes below P line, EA open sell trade, R1 is our SL, and S1 is out TP

When EA breaks S1, it will only look for sell trades (Sell zone)

When EA breaks R1, it will only look for buy trade (Buy Zone)

Closer look:

The EA has a recovery Mode. When EA detects a loss the next trade will be doubled

But using only All pivots is not enough. The EA has Filters that will help to open only accurate trades

1) Currency Strength Indicator is used to filter trades

For example EURUSD

At the beginning of the day, USD is strong, that means EUR is weak and it will fall down.

When candlestick closes below P line, S1, S2, S3 or S4 while EUR is weak = sell trade

Later on in the middle of the day, EUR became strong and candlestick closes above P line, R1, R2, R3 or R4 = Buy trade

2) RSI Filter is also used to filter trades

RSI > 50 and candle closes above P line, R1, R2, R3 or R4 = buy trade

RSI < 50 and candle closes below P line, S1, S2, S3 or S4 = Sell trade

Simple as that!

3) Heiken Ashi candles are also used to filter trades

Red candle closes below P line, S1, S2, S3 or S4 = Sell trade

White candle closes above P line, R1, R2, R3 or R4 = buy trade

Example:

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EA Settings

EA Comment: Levels Trader

• Trade Type: Buy/Sell/Both
• Multiple Entries: True/False (if set false, only 1 buy & Sell order is active, if set true, multiple entries triggered)
• Trade Entry: On Current/ Candle Close ( On Current = every time price cross the lines an order is triggered. Candle Close = Order is triggered only after candle close) 
• Trading mode: (Recovery mode/Save mode) (in save mode, EA will not double trades)
• Trading Method (Classic, Camarilla, Woodie, Fibonacci, Floor, Fibonacci Retracement
• TimeFrame: Day
• Magic number: 911

Money Management Parameters

• Lot size: 0.1
• Max Orders: 10
• Use Risk: True/False
• Risk %: 1
• Max lot Size: 10

Trade Settings

• Take Profit: 30 
• Stop Loss: 30
• Trailing Stop: True/False  (Donchain channel TS)
• Bars to count: 20
• Auto-Stop Loss: (True/False) (EA will place a stop loss on the previous line)
• Auto-Target Point:(True/False) (EA will take profit on the next line)

• Use RSI Filter: True/False
• Timeframe: (M5,M15,M30,etc)
• RSI Period: 14
• RSI Price: Close
• RSI OB: 50
• RSI OS: 50
• Heiken Ashi Filter: True/False
• Timeframe: (M5,M15,M30,etc)
• Currency Strength Filter (True/False)
• Timeframe: (M5,M15,M30,etc)

• Use time Filter: True
• Starting Time: 02:00
• Stopping Time: 23:00
• Daily Close: True/False
• Exit Hour: 23
• Exit Minute:00
• Trade Countdown: True/False (EA will close a trade based on minutes)
• Exit Minute: 120
• Basket Close: X pips