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Support/Resistance Algo-Tradeing Strategy

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This strategy Automates Support and resistance trading and a tight trailing stop loss technique. The support and resistance levels are calculated from previous highs and lows; these levels are used to make two types of trades:

1. Break out trades, taking a trade if the market is able to push through a support or resistance level.

2. Liquidity pool rejection, also known as a stop loss hunt. When the market is brought past a key level (to take out stop losses) which traders (usually institutions) use to enter, which then reverses back through the support/resistance level where the strategy enters a trade.

An optional "volatility filter" may be used when on a suitable market. This means that trades are only entered when there is suitable volatility.

A tight stop loss is kept so most trades lose, but winning trades are left to run much further. So this is a very reliable profitable strategy on many markets.

For a limited time I will provide access to this strategy for free as it is not yet complete, there is still testing to do and I would appreciate any feedback.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.