A semi automated EA that buys at support areas and sells at resistance areas using horizontal lines as entry points.
Support and Resistance Trader
$49.00
Description
The semi automated ea allows you to add horizontal lines at support and resistance areas and either a buy trade or sell trade will be entered when the price crosses those horizontal lines. You can add as many support and resistance levels as you want.
Configuration
Buy Trade
Set the number off support areas you want by setting maxbuys input.
Add a horizontal line below the current price at chosen support area.
Name the horizontal line B1 (To add more set them to B2, B3 ect)
Add a horizontal line for your Stop Loss and name it B1_SL
Add a horizontal line for your take profit and name it B1_TP
Sell Trade
Set the number off resistance areas you want by setting maxsells input.
Add a horizontal line above the current price at chosen resistance area.
Name the horizontal line S1 (To add more set them to S2, S3 ect)
Add a horizontal line for your Stop Loss and name it S1_SL
Add a horizontal line for your take profit and name it S1_TP
The EA includes money management options and trailing stops.
