EA, Support and resistance with break, retest and break high
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I have done some simple EA, but this one is a bit trickier for me. Here's what I want to do.
I will run through my charts and mark important support and resistance I want to trade and create horizontal lines at that price manually
For a Buy
I would like an EA to watch for price breaking the line up
when candle closes above the line wait for pullback and respect the line
then when price breaks the high that the candle that broke line created I want to enter a buy
Ideally SL would be the size of the candle that broke the line or fixed
and TP would be 1:1
would like to run this on multiple charts at same timeopposite for a sell
Is this a tricky one of am I overthinking it
Thanks
Brian -
@bmarchand Personally I would have the EA create lines that are named, you then drag this to the point you like, this saves having to name each line manually.
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What I may have to do is create 2 lines manually, one for support and one for resistance that I am targeting (then I am only naming 2), then when candle crosses and closes above in a buy or below in a sell, have EA create a line at the candle high that crossed it, watch for retest below that high and then watch fro new line break and enter
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@bmarchand Try this then but to me was always easier to drag already created lines, start this project and add a shared link with any problems, help can then be given.