Forex Support and Resistance Seeker Robot

Forex Support and Resistance Seeker Robot review:

Support & Resistance Seeker is an Expert Advisor that automatically recognizes significant levels of price such as Support & Resistance and evaluates their importance. The Expert recognizes the levels at certain time when majority of the exchanges are closed. Then those levels are used in the following 24 hours.

  • Money Management: the EA automatically carries out reinvestment, increasing the lot in accordance with the growth in deposits.
  • Currency pair: EURUSD.
  • Timeframe used: H1.

Does not use Martingale.

The Expert supports МТ4 build 600 and above.

ECN broker with low fixed spread and VPS are recommended.

Available Settings

  • SL in points. For buying StopLoss= Support SLFor selling StopLoss = Resistance + SL.
  • MaxSpread maximum value of spread in points.
  • CloseHour the time when the Expert stops opening orders.
  • Day_out day of the week when the Expert does not work. 0 – Sunday, 1 – Monday, etc
  • Asia enables work during the Asian session.
  • Magic recognizes “own” and “alien” deals. Use it, if you want to launch several experts on one account.
  • Comment. Here you can add your comment for the operations.
  • F1….F5 filters for adjusting the Expert Advisor.

Test results:

Forex Support and Resistance Seeker Robot

Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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