Many traders refer to the concept of support and resistance as the backbone of technical analysis. It is by far one of the most widely used tools in Forex, there's no question about that.
Support and resistance are used by traders to identify potential points on Forex charts where prices are likely to change direction. They are lines, best viewed as areas or zones where, in the past, buyers became sellers and sellers became buyers.
The Support & Resistance Expert Advisor for MetaTrader 4 is an automated trading system developed by our experienced mentors with over 80 years experience combined.
It has been designed to help all traders with an active Forex Signals membership to automatically spot the levels that may serve as Support and Resistance and draw them on the charts as horizontal lines.
It can be used to trade any currency pair and can be applied to the following time frames: 1H, 4H 1D and 1W.
Not sure what time frame to use? No problem, you can merge the indicator for different time frames too!
Awesome... we know!!
Thousands of traders are already enjoying the simplicity this EA indicator brings to their day-to-day life. Why not let us make your life easier, too?
Want to see what the hype is all about? Great! Follow the instructions below to install your new favourite EA to your MetaTrader 4 terminal:
Download the file by clicking the button below.
Unzip the file into the MQL4/indicators folder of your MT4 terminal.
Restart your MT4 terminal to ensure the indicator has been added properly.
Run your new indicator by double clicking the indicator name in the Navigator tab.
Make sure you check the "Allow DLL imports" box and hit the "OK" button.
The indicator will now be added on your chart. (How amazing does it look, by the way?)
And that's it! You're all set up to start using your new favourite EA indicator!
