Support & Resistence TradingStrategy | NoCoding |with AlgoBuilderX

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Supports and Resistances Strategy with Martingale 

This advanced strategy combines support and resistance analysis with the power of the Martingale strategy to offer a dynamic approach to trading. Using ATR (Average True Range) and PO (Price Oscillator) indicators, along with a time filter. 

Entry Buy: When price breaks upward resistance.. The ATR must be above a predefined value, indicating strong market volatility. The PO (Price Oscillator) must be greater than a specific value, confirming bullish momentum. 

Entry Sell: When price breaks downward from key support. The ATR must be greater than a specific level, showing significant market volatility. The PO (Price Oscillator) must be greater than a specific value, confirming bearish momentum.

If you want to buy the .algo and .abx of this cBot CLICK HERE
If you would like to try AlgoBuilderX: CLICK HERE

To create the cBot I invite you to watch this video I made on youtube: 

Please note that this is only an example and the cBot has not been optimised, I recommend you test it first in Demo