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Support and Resistance Breakout EA


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Hi all,

 

I have found an EA that trades when dynamic support and resistance levels are broken. I have been testing it for the past week with mixed results. I can get get settings back untill 2008 but find it hard to find something consistant over a longer period of time, mainly due to the speed of my proccessor, which makes optimization take a long time.

 

Basically, you can set the EA to trade long and short and specify a buffer from the dynamic support/resistance levels that it will enter the trade. You can also change the trading times. I have included some notes with the EA that explains abit more about the settings and what to change.

 

Please give this a try because I believe that it can be a very profitable EA, it's just a matter of finding the best settings!

 

Cheers guys.

 

Download Link:

 

http://www.sendspace.com/file/m0si2j

Edited by outlandish
Added dyn_s_r indicator
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It doesn't take any trade. No error message. What timeframe and pair should i use?

 

You need to set both allow trading times to "true". Also it does not have a specific timeframe or currency pair. This is why I am posting it on here, so we can all work together to find the best pair and timeframe - so far I have spent a week on the GU h1 and have got good results but the drawdown is more than 20% - but there are many other settings I have not optimized because of my slow processor speed. I have ordered a VPS to test this. All help is greatly appreciated, I think this EA has great potential.

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  • 5 years later...

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