Hello fellow forum members!
Time for a new EA based on slipshod's SS_SupportResistance_v04b indi: http://www.stevehopwoodforex.com/phpBB3 ... d&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
Cheers!
EA based on support/resistance
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EA based on support/resistance
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Re: EA based on support/resistance
Yes dudest;
For me, price levels, support and resistance is the only way to win in these markets .....
Regards.
For me, price levels, support and resistance is the only way to win in these markets .....
Regards.
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- Trader
- Posts: 68
- Joined: Sat Mar 08, 2014 7:45 am
Re: EA based on support/resistance
Was an EA ever built on this strategy?
I think it is a very good strategy.
I think it is a very good strategy.
- milanese
- TechAdmin
- Posts: 3293
- Joined: Wed Jan 09, 2013 9:02 am
- Location: btr rdx, r8 +
Re: EA based on support/resistance
Hi mate,dudest wrote:Hello fellow forum members!
Time for a new EA based on slipshod's SS_SupportResistance_v04b indi: http://www.stevehopwoodforex.com/phpBB3 ... d&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
Cheers!
I will later take a look, what could be done..
Cheers
Tommaso
Global Prime is the official SHF broker
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- milanese
- TechAdmin
- Posts: 3293
- Joined: Wed Jan 09, 2013 9:02 am
- Location: btr rdx, r8 +
Re: EA based on support/resistance
You will find a early alpha version of this EA here http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=3506milanese wrote:Hi mate,dudest wrote:Hello fellow forum members!
Time for a new EA based on slipshod's SS_SupportResistance_v04b indi: http://www.stevehopwoodforex.com/phpBB3 ... d&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
Cheers!
I will later take a look, what could be done..
Cheers
Tommaso
Cheers
Tommaso
Global Prime is the official SHF broker
Searching for Servers and Workstations with individual configuration?
Just PM
Click here to go to the BoardKnowledgeBase
NOTE: Cookies and JavaScript are required for the using the board, with full functionality
Searching for Servers and Workstations with individual configuration?
Just PM
Click here to go to the BoardKnowledgeBase
NOTE: Cookies and JavaScript are required for the using the board, with full functionality