Making a robot that draws support and resistance in mt5.
-
Hello everyone, I want the price on mt5 to trade when it reaches support and resistance levels.
let the robot determine the support and resistances according to its history and open to trade as sell or buy accordingly.
how can I do that ?
Thank you in advance for your help.bolded text -
@ladydolares More info on how those S/R levels are supposed to be obtained by the EA is required. Will you use a custom indicator?
-
@l-andorrà What can I use a specific indicator? In fact, I am open to all your suggestions, and I only want to make a robot with support and resistance ... No matter how I can do this for me ... Please help me.
-
@ladydolares Well, I'm not good at recommending indicators. I stringly recommend you search a good one on mql5.com and we can try it.
-
@l-andorrà said in Making a robot that draws support and resistance in mt5.:
stringly
How can I design this robot without indicator?
-
you need to find a logic for what makes a certain level a support level and what makes a certain level a resistance level. Once you have found this logic you/we can build on this...
-
@bk7 Exactly. You need to define as accurately as possible whatconditions are required for a price level to be considerd a support or a resistance.
-
@l-andorrà Hello
I have a question for you:
I have drawn the support and resistance points on mt5 myself. I want to open a trade to the robot according to these points. Is this possible? -
@ladydolares Yes. You need to identify both S/R lines with different names manually. Then you can use this block (example for a support line):
That name needs to be exactly the same you used for your line.
-
@l-andorrà Thank you..
-
@l-andorrà I'm sorry if I'm constantly bothering you with my questions ... believe me even a word is very useful when I'm trying to learn this job.
Trade buy when the candle reaches 10 pips or 10 candles to the support, trade sell when the candle is near the resistance 10 pips or 10 candles.
how can I do it? -
@ladydolares I'm not completely sure what you mean. Can you please upload an image showing exactly what you mean?
