It is intended to breakthrough’s trading on the support / resistance levels. For example if the price touches the given limit price the script places its stop order at the defined stop buy price (on 5-10 pips above level) and exists. Thus, if the price breaks through the support line no buy stop order is sent. I.e. such approach serves as a filter that allows to deselect weak / false signals.
EA Stop Order - EA MetaTrader 5 Author of the idea: Vladimir Khlystov, MQL5 code author: barabashkakvn. The Expert Advisor places a grid of pending Buy Stop…
Limit channels - indicator MetaTrader 5 As simple as it gets, channels based om high, low and ATR distances, Shows possible short term support / resistance…
