SRB PRO EA – Free Version

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SRB PRO EA - Free Version 1

Hi forex Wiki Friends,

SRB PRO Description :

The Support and Resistance Breakout trading strategy is designed to trade the breakout of support and resistance levels . Levels are determined by a technical indicator, and entry signals are filtered through a moving average channel.

Input parameters

  • Currency pairs: any, including cryptocurrencies, metals, indices
  • Timeframe: M15 and older
  • Trading time: any
  • Risk management: after calculating the stop loss, choose such a lot size that the risk is no more than 2-5% of the deposit per trade

Indicators used

  • EMA (13, high)
  • EMA (13, low)
  • Support and Resistance Breakout (default settings)

Setting up a price chart

  • Unpack the archive
  • Copy the template to the templates folder
  • Copy the indicators to the MQL4 folder -> indicators
  • Restart the terminal
  • Opening the chart of the required currency pair
  • Installing a template named SBR

The graph should look like this:

Breakout Trading Strategy Support and Resistance Breakout
Support and Resistance Breakout Trading Strategy Template

Signals indicating the opening of a long position

  • the candlestick closed above the moving average channel;
  • an up arrow is displayed under the candle.
See also  Mesh System EA - Free Version
Breakout Trading Strategy Support and Resistance Breakout
Long entry examples

Signals indicating a short position

  • the candlestick closed below the moving average channel;
  • A down arrow appears above the candle.
Breakout Trading Strategy Support and Resistance Breakout
Examples of entering a short position

Placing a stop loss and take profit order

  • the size of the stop loss order is equal to the length of the candlestick on which the arrow appears, in points;
  • take profit is set according to the trend depending on the currency pair and timeframe with a minimum ratio of 1 to 1 to stop loss.

The author of the strategy does not recommend opening a trade if the candlestick on which the arrow appears is very large.

Breakout trading strategy Support and Resistance Breakout is suitable not only for experienced traders, but also for beginners, since its rules are very simple and straightforward. Before using the strategy on a real deposit, be sure to test it on a demo account.

Broker Requirement :

BROKER NAMEREGISTERYear Founded Headquartered LeverageMinimum Deposit Regulating
SRB PRO EA - Free Version 2Register2007
🇦🇺 Australia
🇨🇾 Cyprus
🇧🇸 The Bahamas
🇸🇿 Seychelles
1:1000$200ASIC, SCB, FSA
SRB PRO EA - Free Version 3Register2008
🇨🇾 Cyprus
1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
SRB PRO EA - Free Version 4Register2009
🇧🇿 Belize
1:2000$10FSC
SRB PRO EA - Free Version 5Register2009
🇧🇿 Belize
1:3000$1IFCS
SRB PRO EA - Free Version 6Register2009
🇨🇾 Cyprus
🇦🇺 Australia
🇧🇿 Belize
🇦🇪 Emirates
1:1000$5 ASIC, CySEC , IFSC
SRB PRO EA - Free Version 7Register2010
🇦🇺 Australia
1:500$200FCA , ASIC, DFSA
SRB PRO EA - Free Version 8Register2011
🇬🇧 England
1:500$25CySEC
SRB PRO EA - Free Version 9Register2006
🇪🇭 Ireland
1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA
See also  FX Gap MultiCurrency - Free Edition

SRB PRO Indicator Settings :

SRB PRO EA - Free Version 10

SRB PRO EA Settings :

SRB PRO EA - Free Version 11

SRB PRO EA Results:

SRB PRO EA - Free Version 12 SRB PRO EA - Free Version 13

Download SRB PRO :

 

[+ForexWikiTrading.com]SRB_Robot

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.