Support and Resistance mql5 EA for multiple currency pairs - very simple logic

MQL5 Uzman Danışmanlar

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Tamamlanma süresi: 60 gün
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Marcos was the best programmer i have dealt with on here and delivered far beyond what i could have imagined. He was thorough and detailed and i would highly recommend him for any job out there!

İş Gereklilikleri

Very Risk Robot but very simple logic


Inputs :

Risk for Account% - 40% (options 5%, 10%, 20%, 40%)

TP based on Risk - 1.25R (options 1:1R, 1:1.25R, 1:2R)

Trading Session Start - London Open

Trading Session End - London Close

Trading Pairs - EURUSD, AUDUSD, XAUUSD, USDCAD (option to add more or remove all but 1)


When applied to a chart, EA will draw Support and Resistence on chart based on multiple touches/recent highs and lows
When not applied to chart - EA will monitor Pairs listed in input for entry signals listed below

EA will be run on 1hr and 4hr Timeframe 

When Support is rejected by a Bull Candle on any of the pairs, at close of candle EA will place a Buy

SL below the Support level / recent low (or lowest point in last x amount of bars)
TP at input level
When Support is broken through by a bear candle by most of its body, this Support becomes resistance and we wait for a Bear candle to reject zone

When Resistance is rejected by a Bear Candle on any of the pairs, at close of candle EA will place a Sell
SL above the Resistance level / recent high (or highest point in last x amount of bars)
TP is at input level
When Resistance is broken through by a bull candle by most of its body, this Resistance becomes Support and we wait for a Bull candle to reject this zone

Only allow 1 trade to occur at a time due to Margin and risky trading
If price rejects level and EA already in a trade, ignore entry signal
If 2 or more pairs show rejection at same time - choose pair with largest top wick for Sell or bottom wick for buy



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