EA based on support/resistance

[dudest]

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

20130317_nzdusd_m30_bias_h1.gif

Cheers!

[chaveznqoos]

Yes dudest;

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

Regards.

[excalibre30]

Was an EA ever built on this strategy?

I think it is a very good strategy.

[milanese]

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!

Hi mate,

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

Cheers

Tommaso

[milanese]

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!

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 http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=3506

Cheers

Tommaso