Support Resistance Trader - expert for MetaTrader 4




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. 




Download Support Resistance Trader - expert for MetaTrader 4




Related News




Latest News
Alphabet features self-driving garbage cans, apartment noise monitors in Toronto smart city project
15.11.2019 20:06
By Moira Warburton TORONTO (Reuters) - Alphabet's (O:GOOGL) Sidewalk Labs has provided more details on the technology it intends to use to develop a futuristic smart city in Toronto, which includes self-driving garbage cans and infra-red sensors to track foot traffic in stores, a document released by the company on Friday said. Sidewalk,
Read more
ECB's Lagarde has pledged to seek dialogue: Stournaras
15.11.2019 20:03
THESSALONIKI, Greece (Reuters) - The European Central Bank's new President Christine Lagarde has pledged to seek dialogue when there are disagreements on the policy-setting Governing Council, ECB policymaker Yanis Stournaras said on Friday. Lagarde was urged to make decisions at the ECB more consensual at a retreat she convened this week
Read more
FAA administrator tells team to 'take whatever time needed' on 737 MAX: memo
15.11.2019 19:21
By David Shepardson WASHINGTON (Reuters) - U.S. Federal Aviation Administrator Steve Dickson told his team to "take whatever time is needed" in their review of Boeing Co's (N:BA) 737 MAX, reiterating that the path to approval is "not guided by a calendar or schedule," according to a Nov. 14 memo reviewed by Reuters. The
Read more
Hulu+ Live TV to raise monthly prices to $54.99
15.11.2019 19:18
(Reuters) - Hulu+ Live TV is increasing its monthly base price to $54.99 from $44.99 per month from Dec. 18, the company said in a statement on Friday. Hulu is jointly owned by Walt Disney (NYSE:DIS) Co and Comcast's NBCUniversal, and Disney is in the process of taking full control of Hulu in a deal with Comcast (NASDAQ:CMCSA).
Read more
Twitter sets out plans for banning political ads
15.11.2019 19:15
By Sheila Dang (Reuters) - Twitter Inc (N:TWTR) on Friday laid out its plan for banning political ads just as campaigns for the 2020 presidential election heat up, and for banning ads that advocate for a certain outcome on social and political causes. Twitter said last month that it would ban political advertising, as social media companies have
Read more