Support and Resistance Breakout Expert Advisor
I need an Expert Advisor which works when the Support and Resistance Levels are broken. I am attaching a support and resistance indicator (Pipholic SR) which is going to be used as the back bone of the expert advisor.
Conditions of the Expert Advisor
1. When it crosses the Resistance Level (i.e. highlighted by red dots) the expert advisor opens a Buy / Long Trade.
2. When it crosses the Support Level (i.e. highlighted by blue dots) the expert advisor opens a Sell / Short Trade.
1. The user can define the take profit and stop loss levels.
2. Needs to have a trailing stop loss concept.
3. Need to use money management system (for reference please visit: - [url removed, login to view]).
4. Should function on all time frames.
I am attaching a snap shot and the indicator (Pipholic SR).
For any further queries please feel free to contact me.
The funds will only be released after 10 days of live testing.
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Hi! I already have a few EAs similar to this one developed, all using live tested money management and trailing stop every 5 pips. So I can easily integrate EA with your indicator.