Wednesday, December 6, 2017

Automated Support Resistance A2SR Lite Scalping

Automated Support Resistance A2SR Lite Scalping


Automated Actual Support & Resistance: Automatic support and resistance levels without delay and redraw


This version is designed for scalping (intraday transactions) timeframe M15 and less (M5 and M1).


The market sometimes behaves strangely. And something unusual you can not do the usual way. In reality, the market is not so simple, and more than 90% of traders suffered a setback on it. To trade on the market to find an unusual approach. For this useful A2SR. In this world, nothing is too easy, especially with regard to market prospects. Trading in the market always involves risk. Start by learning the principles of A2SR work program and forget about conventional methods of trade. Start selling on the top of a wave, to buy from the bottom, because it is the first great opportunity to recognize the change in trend before it can make the most of the traders using lagging indicators.







This indicator is most useful:





  1. Professional traders who bothered to look for support / resistance levels to draw up a trading plan.

  2. Traders who do not want to deal in thousands of combinations of indicators, which are in fact late and redrawn.

  3. Traders who want to restore your account.




Features



  1. Showing real support and resistance on the chart.

  2. Showing breakout patterns and to determine the most severe levels of support / resistance near the trend line.

  3. The current state of the trend.

  4. USDx and EURx work for H1, H4, D1 and W1.

  5. Overbought and oversold.

  6. The calculation of the price range for H4, D1 and W1 in pips.

  7. Automatic Fibonacci levels (standard and optimized coefficients).




How to deal with Support / Resistance



  1. The indicator shows the future support and resistance levels before the price reaches that level. By indicator A2SR, which automatically finds the real-time support and resistance levels, you will always have enough time to evaluate the current market situation for the Swing-trading during the week, in the medium and long term and even for intraday trading (scalping).

  2. Any line below the current price is the support, the line above the current price is the resistance. Regardless of the timeframe A2SR always shows all the support / resistance levels with the older periods. A2SR advantage is that it allows you to create a wave of trends for each level of support and resistance.

  3. It is assumed that the price will rise and fall on the support of the resistance. It should be borne in mind that the price will rise sharply after it reaches the level of support and fall sharply after reaching a resistance level. The most effective strategy for A2SR is placing pending order Buy Limit level of strong support and Sell Limit level of strong resistance.

  4. Line support / resistance can be used to confirm the breakout or rebound.

  5. The details in the comments and user manual (in English), as well as in the general description.

  6. In the blog you can also find an example of drawing up a trading plan (swing trading, in English):


https://www.mql5.com/en/blogs/post/663662 https://www.mql5.com/en/blogs/post/667059






Important




Before applying A2SR on the chart, please update schedule once on each timeframe (M1, M5, M15, H1, H4, D1, W1 and MN), As A2SR shows support / resistance levels on a larger timeframe, while we use smaller. Also, check the "Show object descriptions" in the chart properties.


Automated Support Resistance A2SR Lite Scalping

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