DislikedGreat stevepatt, I was thinking to implement support/resistance criteria in the EA. Based on your comment on yesterday's USDCAD where price was around Resistance zone, and actually turned down, making loss of Buy trade, i have added 1 more indicator to check the support and resistance... {image} {image} For Buy trade, If TP is Fib 150 level and if this level is around resistance zone, then buy/buystop will not be placed. So ideally Fib 150 level should be below the resistance zone... I am testing...Ignored
I agree with you. I will only trade a daily candle changes if it takes place or near support or resistance zones. (Support or demand areas) I actually draw a fibo 0-100 between S and R and disregard candle change within the 38-61% zones.
piphunt11