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Support & Resistance EA

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firestorm

Subscriber, bbp_participant, 16 replies.

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3 years ago #259235

Hi,

The support & resistance tutorial very old version so i can’t follow steps. So could you teach or help me create an EA with support & resistance.

My strategy like that:

EA will check support & resistance in one month, then will draw support and resistance on chart. If price touch to resistance, EA will put one buy stop from resistance 15pips, with TP and SL, same time will make an order sell, with TP and SL. For Support level is same strategy.

 

Thank you for your kindly support,

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hankeys

Customer, bbp_participant, community, sq-ultimate, 487 replies.

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3 years ago #259236

but how will you define support or resistance?

You want to be a profitable algotrader? We started using StrateQuant software in early 2014. For now we have a very big knowhow for building EAs for every possible types of markets. We share this knowhow, apps, tools and also all final strategies with real traders. If you want to join us, fill in the FORM.

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firestorm

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3 years ago #259240

:(( I don’t know. It’s from AlgoWizard.

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tomas262

Administrator, sq-ultimate, 2 replies.

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3 years ago #259271

If you want to automate this you can only refer to some important price points like previous month high/low or last week high/low and similar.

You can easily refer to those prices in AlgoWizard. Check the screenshot attached

The point of the Support & Resistance tutorial for EA Wizard was to enable semi-automatic trading for users that want 1) to draw horizontal lines onto a chart … 2) to let an EA trade off those levels automatically but the levels are drawn manually based on traders discretion

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firestorm

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3 years ago #259311

Thank you Tomas,

Can you code as my idear? I don’t know how to do on wizard.

 

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