Auto Support-Resistance Levels Trading
Hello everyone!
I use this system for quite a very long time. It has approximately win rate. I want to share this and we could build an EA later.
Levels:
Small S1-S2-S3-P Level-R1-R2-R3 (Main Levels)
Large S1-S2-S3-P Level-R1-R2-R3 (Extended Levels)
Green is per week pivot. Attention should be paid by us .
Levels change automatically every day. Pay attention to whether there is a significant news or not. It is better no news about. You may apply it to all pairs silver, gold and CFDs .
This system is also good for scalp (5-10 pips)
Entry Rules:
1. Await the Support-Resistance Levels/Zones. (on 5-15-60 min chart)
2. Look back to the price action Support-Resistance zone.
3. RSI level has to be between 20-30 or 60-80. (Multitime check by RSI monitor)
4. Just take the trade. (it is better of price to float out of the light sea green bands.)
5. TP is the nearest S/R level. (Min 25 pips each transaction)
6. SL is the nearest S/R level. (Max 20 pips each transaction)
7. Once you choose the transaction, if there has been an arrow for your profit direction, it is possible to go further with it to get more profits. (Arrows repaint sometimes.)
8. Get SL to breakeven when it reaches 25 pips
Here is the indiors and template.
https://forexintuitive.com/attachmen...1884852334.zip