Introduction
Support Resistance Levels Guru claims to be the go-to trading robot for capturing those pivotal market points where prices tend to react. With a user rating of 5, as some user named Rey Sonajo exclaimed, This is great indicator thanks.. – yeah, well, we'll see.Installation and Setup
Let's get down to the nuts and bolts of setting up Support Resistance Levels Guru. If you're expecting a miracle, maybe you'll be disappointed, but if you're here for some straightforward instructions, let's proceed.Step 1: Download the Robot
Head over to Support Resistance Levels Guru page, and download the robot.
Step 2: Install the Robot
- Open your MetaTrader 5 (MT5) platform.
- Go to File -> Open Data Folder.
- Navigate to MQL5 -> Experts.
- Copy the downloaded file into this folder.
- Restart your MT5 platform.
Step 3: Attach the Robot to a Chart
- Open a new chart or select an existing one.
- In the Navigator window, find Support Resistance Levels Guru under the Expert Advisors section.
- Drag and drop the robot onto your chart.
- Adjust the settings according to your preferences.
- Click OK.
Experience Using Support Resistance Levels Guru
So, I've been running this robot for a bit, and while I’m not falling out of my chair in amazement, it does a decent job of pinpointing those support and resistance levels. It’s not going to turn your $100 into a million overnight, but as a tool in your trading arsenal, it’s worth a look.Tips for Improving Its Performance
Alright, let’s be real. No robot is perfect. Here are some tips to squeeze out a bit more juice:1. Optimize the Settings
Run backtests with different settings to find the optimal parameters for your specific trading style and market conditions.
2. Combine with Other Indicators
Use Support Resistance Levels Guru in conjunction with other indicators like moving averages or RSI to confirm signals.
3. Stay Updated
Regularly check for updates. Developers might roll out improvements or bug fixes that can enhance performance.
4. Risk Management
Always use proper risk management techniques. Set your stop losses and take profits appropriately.
Source Code of Support Resistance Levels Guru
We don't have access to the original source code of Support Resistance Levels Guru. The version that's sold on MQL5 remains a mystery. However, that doesn't stop us from putting together a version based on the description.If you're curious or have questions about the code, feel free to ask. Remember, this is an example code crafted by easytradingforum.com, inspired by the robot sold on MQL5. The EASY Trading Team doesn't sell the actual Support Resistance Levels Guru; instead, we provide a code based on its description.
Code:
You don't have permission to view the code content. Log in or register now.Download Support Resistance Levels Guru Trading Robot
If you’ve read this far, you might be curious enough to give it a try. Download the Support Resistance Levels Guru Trading Robot from here and see for yourself if it lives up to the hype.That’s about it. Any questions or a burning desire to share your experience? Drop a comment.