I am looking for help creating an E.A. that identifies support and resistance levels on any chart or timeframe, and the places buy and sell stops at points above and below those levels. I've attached a picture to identify what I am looking for. Levels would adjust as price moves up and down and finds support and resistance levels. I would be able to put a gap between what price is and what buy or sell stop is. So, if price hit 1.1255 on a chart, I could chose to have the EA set a buy or sell stop above or below price of 1 pip, 2 pips, 3 pips, etc... And a way to set profit target as well... 1 pip, 2 pips, 3 pips, etc...
As an example, if there is a resistance point on a chart at 1.1255, the EA would add 1 pip to that price (1.1256) and set a buy stop there with a profit target of 2 pips. Spread could be identified by the robot. Prefer to have the option of a stop loss or no stop loss. And, a trailing stop if that is possible.
I've been over and over it in my mind and I can't figure out how to set parameters for when to identify when to place the orders. That's why I need help.
I've traded this system manually, for awhile and have earned quite a few pips. But, I would like to automate it now so I can capture pips throughout the day, rather than just when I trade. Could probably start as an indicator first to test buy and sell stop levels, and then move to an EA.
Also, price can be negotiated if this is going to be a long term project. I really want it to work the way I trade.
Thanks,
Tom
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84
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49%
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52
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77
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55%
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