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.
- SL in points. For buying StopLoss= Support SL. For 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.
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)