Algo trading on manually drawn support and resistance levels
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Hi, guys. I was wondering whether I can create and algo trader based on manually drawn support and resistance levels. When the price closes below/above a manually drawn by me support or resistance a buy or sell signal should be triggered.
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@FXWITCHER
Yes. Create a line as an object and give it a name. For fxdreema in condition block or price cross block seach this object for price crossing. -
@sktsec Thank you for the info. Could you please check and advise why the buy and sell orders are not getting triggered?
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I have changed it now like this, but the position opens once I start the algo trader and not when the price crosses one of both lines
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Try:
set attributes to price for comparison.
Moreover there is a block for price x> indicator, that means price cross over something, which you can use for your purpose more directly.