Support Resistance Trader – expert for MetaTrader 4

The trading algorithm for the Support Resistance Trader requires(1) A minimum of the Standard Deviation indicator; (2) A breakthrough of the Support (for Sell) or Resistance (for Buy) lines by the SMA of the Low (for Sell) or High (for Buy) price .  

The ADX and Bollinger Bands indicator values are also used as additional
trade entry filters. An open trade can be closed based on a trade signal
reversal. The ZigZag indicator inline function is used for determining the length of the most
recent ZigZag segment. This is used in support of computing the Support and Resistance
values for beginning of the segment. This EA uses the H1 EURUSD chart and is tested from
Jan 2010 thru June 2019. 

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • Get E-Book Worth $100 for Free!!!
  • 1. Open the MT4 trading software – “File” – “Open Data Folder” in the upper right corner
  • 2, find the “MQL4” folder – “Experts”, put the EA in this folder
  • 3, need to refresh or restart the trading software to display EA, find “EA” in “Navigation” – “EA Trading”
  • 4, find the EA you need to use, right click the mouse, select “attach to the chart” (additional chart: EA uses the currency to be linked, if you need to hang Europe and America, please attach to the AUDUSD chart)
  • 5. After adding the chart, set the EA parameter. In the “Common” option, select “Multi-empty position” and check the box in front of “Allow real-time automatic trading”
  • 6, in the “input parameters”, set the relevant parameters, generally modify the number of single hand, jiacang distance, loss ratio, 10,000 US dollars according to the minimum parameter settings, after setting “confirm
  • 7. After setting the EA parameters, start the EA. In the “Tools” – “Options” – “EA” – check “Allow DLL import” to confirm
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