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Forums>EA Wizard>Strategy Samples>Simple support-resistance trading system tutorial for EA Wizard

  • #202582|
    tomas262
    Administrator
    1193 Posts

    Hello,

    this version works well but. The logic stays the same just modified PT/SL. Trades now 2 trades per S/R level

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    #202611
    Participant
    63 Posts

    But the matter is not the profit. I use Break Even and Trailing Stop with another EA on a chart that work with all the cross opened. The matter is that many times the trade should be start and it does not start.

    #202613
    Participant
    63 Posts

    This is an example (lucky for me becouse price went in bad direction for trade). Red line is Resistence, price  passed it, and then crossed below but no trades started. On chart there is and indicator that help me to find level for resistance and support. I have many other cases similar.

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    #202615
    Participant
    63 Posts

    The face does not smile becouse I have to use my MT4 platform on PC to grab picture, becouse on VPS where it work, I cannot grab picture.

    #202616
    Participant
    63 Posts

    This is new case always from AUDCHF, this time I resolved to grab picture from VPS

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    #202618
    Participant
    63 Posts

    These are two cases more, EURJPY and NZDUSD, but I could continua with a lot…..

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    #202621
    Participant
    63 Posts

    About Profit it is working well, but I dont understand why miss trades….. This is the FXBlue page results from when I have set from H1 to M30.

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    #202808
    Participant
    63 Posts

    Here started 33 trades from 01/December/2017 (I use it in M30), but sometimes miss trades …. Now I modified in sqw high with close and hope that it will not miss them……..

    #202829
    Customer
    484 Posts

    Post the updated SQW, please.

    #202839
    Participant
    63 Posts

    Sure. I have set it on many pairs (13) in M30 and every day i check Resistance and Support.

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    #202841
    Customer
    484 Posts

    Thanks.  The S/R levels remain the same overtime.

    #202842
    Participant
    63 Posts

    SR remain same if you don’t modify it. This the discetional part of Trading System. I modify it with help of an indicator that shows me optimized SR for that Timeframe and for the period that I decided to observe.

    #202843
    Customer
    484 Posts

    So how do you backtest it?

    #202844
    tomas262
    Administrator
    1193 Posts

    Hello,

    https://quant.blog/simple-support-resistance-trading-system-tutorial-for-ea-wizard/

    The system is meant to be semi-automatic, it requires trader’s discretion so that it cannot be backtested only forward-tested

    #202856
    Customer
    484 Posts

    Thank you.   That explains why I was sat getting bore while backtesting…lol!

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