Support and resistance expert

Support and resistance expert

? Expert Advisor Name

? Product Description

This Expert Advisor is a Support & Resistance–based trading system designed for BTCUSD, using Daily timeframe (D1) market structure to identify high-probability trade zones.

The EA automatically analyzes key Daily support and resistance levels and executes trades only when price reacts at these critical areas, helping filter out low-quality entries and reduce noise common in lower timeframes.

Built for discipline, simplicity, and consistency, this EA is ideal for traders who prefer structure-based trading rather than indicators overload.

⚙️ Strategy Logic

• Uses Daily (D1) Support & Resistance levels

• Trades BTCUSD only

• Entries occur when price interacts with predefined S&R zones

• Designed to capture high-probability market reactions

• Fully automated execution (no manual intervention needed)

? Recommended Trading Settings

• Symbol: BTCUSD

• Timeframe: Daily (D1)

• Minimum Balance: $500

• Lot Size: 0.01 (optimized for $500 accounts)

• Account Type: Any (ECN / Standard supported)

⚠️ Using higher lot sizes or lower balances increases risk.

? Key Features

✔ Daily Support & Resistance trading
✔ Optimized for BTCUSD volatility
✔ Fixed risk-controlled lot size
✔ No indicator clutter
✔ Works 24/7 automatically
✔ Beginner-friendly setup

?️ How to Attach the EA to a Chart (MT5)

1. Open MetaTrader 5

2. Go to File → Open Data Folder

3. Copy the EA file into:
   MQL5 → utilities

4. Restart MT5

5. Open BTCUSD chart

6. Set chart timeframe to D1 (Daily)

7. Drag the EA from Navigator → Expert Advisors-utilities onto the chart

8. Enable:

   • ✅ Algo Trading

   • ✅ Allow Live Trading

9. Click OK

The EA will start trading automatically.

⚠️ Risk Disclaimer

Trading cryptocurrencies involves significant risk. Past performance does not guarantee future results. Always test on a demo account before trading on a live account.