Created by: Risdyanto Risdyanto.
MQL5 Code by: barabashkakvn.
Utilizing the Resistance & Support indicator, this Expert Advisor (EA) is designed to enhance your trading experience:
How It Works: The Hangseng Trader EA operates on two timeframes. The Resistance & Support indicator is calculated based on the current timeframe, while the Fibonacci Lines (OBJ_FIBO) leverage the daily timeframe's High and Low. The parameter for Number of Daily Bars for Finding Support and Resistance Levels is set to 1.
Input Parameters:
- Lots: Position volume
- Trailing Stop (in pips): Trailing stop distance
- Trailing Step (in pips): Step size for trailing
- Number of Daily Bars for Finding Support and Resistance Levels: Days used to calculate Fibonacci levels
- MA: Averaging Period: Period for the Moving Average
- MA: Horizontal Shift: Shift for the Moving Average
- MA: Smoothing Type: Type of smoothing for the Moving Average
- MA: Type of Price: Price type used for the Moving Average calculation
- Magic Number: Unique identifier for the EA
Example Testing: Check out the performance on EURUSD, M15:
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