EA based on support/resistance

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EA based on support/resistance

Postby dudest » Sun Mar 17, 2013 6:19 pm

Hello fellow forum members!

Time for a new EA based on slipshod's SS_SupportResistance_v04b indi: viewtopic.php?f=27&t=514&hilit=slipshod&start=30

Would be grateful if you coding gurus can turn this idea into working code :)

The Concept

1. Buy from support

-> Where support (according to the indi) is
a) Verified support where test count is >= 2
b) Turncoat support

2. Sell from resistance

-> Where resistance (according to the indi) is
a) Verified resistance where test count is >= 2
b) Turncoat resistance

The Rules

SELL: when price gets to the lower border of the resistance zone.
SL: at the upper border of the resistance zone
TP: at the upper border of the support zone below

BUY: when price gets to the upper border of the support zone.
SL: at the lower border of the support zone
TP: at the lower border of the resistance zone above

Trade management:
-> Via MPTM: trail by 2 candlesticks
-> Trade exit: either by SL or by TP or by candlestick trail

Money management:
-> Option on EA to manually set lotsize or automatic lot calculation
-> NB: only 1 trade per opportunity

Additional Notes

-> MPTM candlestick trail settings:
TSL=Trailing stop loss settings
TrailingStop=1
UseStandardTrail=0
TrailingStopPips=10
UseCandlestickTrail=1
CandlestickTrailTimeFrame=30
CandleShift=2

-> The candlestick trail is not set in stone, 'tis one of the params to be fine-tuned during testing


Chart example

Indi modified settings: (everything else OOTB)
-> Timeframe: 60
-> zone.show.weak: false
-> zone.fuzzfactor: 0.5

Operating timeframe: M30


20130317_nzdusd_m30_bias_h1.gif


Cheers!
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dudest
 
Posts: 1964
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Re: EA based on support/resistance

Postby chaveznqoos » Tue Mar 19, 2013 11:06 am

Yes dudest;

For me, price levels, support and resistance is the only way to win in these markets .....

Regards.
chaveznqoos
 
Posts: 15
Joined: Wed Nov 16, 2011 1:25 am

Re: EA based on support/resistance

Postby excalibre30 » Mon Mar 17, 2014 3:29 am

Was an EA ever built on this strategy?

I think it is a very good strategy.
excalibre30
 
Posts: 66
Joined: Sat Mar 08, 2014 7:45 am

Re: EA based on support/resistance

Postby milanese » Mon Mar 17, 2014 4:01 am

dudest wrote:Hello fellow forum members!

Time for a new EA based on slipshod's SS_SupportResistance_v04b indi: Support/Resistance Indicator

Would be grateful if you coding gurus can turn this idea into working code :)

The Concept

1. Buy from support

-> Where support (according to the indi) is
a) Verified support where test count is >= 2
b) Turncoat support

2. Sell from resistance

-> Where resistance (according to the indi) is
a) Verified resistance where test count is >= 2
b) Turncoat resistance

The Rules

SELL: when price gets to the lower border of the resistance zone.
SL: at the upper border of the resistance zone
TP: at the upper border of the support zone below

BUY: when price gets to the upper border of the support zone.
SL: at the lower border of the support zone
TP: at the lower border of the resistance zone above

Trade management:
-> Via MPTM: trail by 2 candlesticks
-> Trade exit: either by SL or by TP or by candlestick trail

Money management:
-> Option on EA to manually set lotsize or automatic lot calculation
-> NB: only 1 trade per opportunity

Additional Notes

-> MPTM candlestick trail settings:
TSL=Trailing stop loss settings
TrailingStop=1
UseStandardTrail=0
TrailingStopPips=10
UseCandlestickTrail=1
CandlestickTrailTimeFrame=30
CandleShift=2

-> The candlestick trail is not set in stone, 'tis one of the params to be fine-tuned during testing


Chart example

Indi modified settings: (everything else OOTB)
-> Timeframe: 60
-> zone.show.weak: false
-> zone.fuzzfactor: 0.5

Operating timeframe: M30




Cheers!

Hi mate,

I will later take a look, what could be done..

Cheers :)

Tommaso
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milanese
 
Posts: 3375
Joined: Wed Jan 09, 2013 9:02 am
Location: btr rdx, r8 +

Re: EA based on support/resistance

Postby milanese » Mon Mar 17, 2014 2:19 pm

milanese wrote:
dudest wrote:Hello fellow forum members!

Time for a new EA based on slipshod's SS_SupportResistance_v04b indi: Support/Resistance Indicator

Would be grateful if you coding gurus can turn this idea into working code :)

The Concept

1. Buy from support

-> Where support (according to the indi) is
a) Verified support where test count is >= 2
b) Turncoat support

2. Sell from resistance

-> Where resistance (according to the indi) is
a) Verified resistance where test count is >= 2
b) Turncoat resistance

The Rules

SELL: when price gets to the lower border of the resistance zone.
SL: at the upper border of the resistance zone
TP: at the upper border of the support zone below

BUY: when price gets to the upper border of the support zone.
SL: at the lower border of the support zone
TP: at the lower border of the resistance zone above

Trade management:
-> Via MPTM: trail by 2 candlesticks
-> Trade exit: either by SL or by TP or by candlestick trail

Money management:
-> Option on EA to manually set lotsize or automatic lot calculation
-> NB: only 1 trade per opportunity

Additional Notes

-> MPTM candlestick trail settings:
TSL=Trailing stop loss settings
TrailingStop=1
UseStandardTrail=0
TrailingStopPips=10
UseCandlestickTrail=1
CandlestickTrailTimeFrame=30
CandleShift=2

-> The candlestick trail is not set in stone, 'tis one of the params to be fine-tuned during testing


Chart example

Indi modified settings: (everything else OOTB)
-> Timeframe: 60
-> zone.show.weak: false
-> zone.fuzzfactor: 0.5

Operating timeframe: M30




Cheers!

Hi mate,

I will later take a look, what could be done..

Cheers :)

Tommaso


You will find a early alpha version of this EA here EA based on support/resistance

Cheers :)

Tommaso
Global Prime is the official SHF broker :yahoo:
Searching for Servers and Workstations with individual configuration?
Just PM
:smile: Click here to go to the BoardKnowledgeBase
NOTE: Cookies and JavaScript are required for the using the board, with full functionality
User avatar
milanese
 
Posts: 3375
Joined: Wed Jan 09, 2013 9:02 am
Location: btr rdx, r8 +


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