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    EA, Support and resistance with break, retest and break high

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    • B
      bmarchand last edited by

      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 time

      opposite for a sell

      Is this a tricky one of am I overthinking it

      Thanks
      Brian

      jstap 1 Reply Last reply Reply Quote 0
      • jstap
        jstap @bmarchand last edited by

        @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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        • B
          bmarchand last edited by bmarchand

          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

          jstap 1 Reply Last reply Reply Quote 0
          • jstap
            jstap @bmarchand last edited by

            @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.

            Learn fxDreema Without the Wait!

            My comprehensive book, available on Amazon, is packed with examples and invaluable insights to help you fast-track your learning journey.

            The paperback and hardback editions include MT4 & MT5 QR codes for easy access to all prebuilt projects and robots, including my latest gold trading robot!

            Don’t miss out

            Click here➡️ https://mybook.to/fxDreema to get your copy today!

            Enjoy! 😊

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