talolard

PRI systems is proud to release the code to an early EA we developed. Being committed to the Informed Trades mission statement, we are glad to supplement traders learning with some of our work. We highly recommend that traders download and review the source code for this EA, as well as back test in visual mode so that they can get an idea of how it works.

This expert advisor detects support and resistance levels and trades when price bounces off of them. It is not profitable in its current form but with a few creative modifications it is quite successful.

Reading this code you can expect to learn the following:
1. A technique for rigors defining ambiguous objects. Specifically how do you define a support level?
2. Dynamically sizing arrays in MQL4. This is a really important technique when working with a lot of data. There are better ways to do this, but not in MQL4.
3. How to implement a trailing stop.

Happy Trading

Attached Files

SnR Trader4.mq4 (16.6 KB, 30 views)

__________________
Free Trading signals and discussion about Saul
My free course - Introduction to automated trading Systems
The Saul fund Journal
My Store