The PR Support And Resistance EA MT4

The PR Support And Resistance EA Review

In the world of forex trading, having access to advanced tools and technologies can significantly improve your chances of success. One such tool that has gained popularity among traders is the PR Support And Resistance EA. This innovative forex robot utilizes a combination of powerful filters, including Peak signal, EMA, Stochastic, Volatility, RSI, ATR, Bollinger, Hull-moving-average, Parabolic SAR, and MACD, to enhance your trading strategies. In this article, we will delve into the features and benefits of PR Support And Resistance EA and how it can revolutionize your forex trading experience.

The PR Support And Resistance EA is a sophisticated forex robot designed to assist traders in making informed trading decisions. It leverages various filters to identify potential trading opportunities based on support and resistance levels. By combining multiple indicators, the EA aims to generate accurate signals and improve overall trading performance.

Best Brokers List

PR Support And Resistance EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

PR Support And Resistance EA Settings:

Key Features

1. Peak Signal: The Peak signal filter helps identify price peaks, enabling the EA to detect potential reversals or significant price movements. This feature is particularly useful in volatile markets where quick price fluctuations occur.
2. EMA Filter: The Exponential Moving Average (EMA) filter smooths out price data and provides insights into the underlying trend. By considering the EMA, the EA can identify favorable entry and exit points based on the established trend.
3. Stochastic Filter: The Stochastic filter measures the momentum of price movements and identifies overbought or oversold conditions. By incorporating this filter, the EA can identify potential market reversals and adjust trading strategies accordingly.
4. Volatility Filter: Volatility plays a crucial role in forex trading. The Volatility filter helps the EA gauge the degree of market volatility and adapt its trading parameters accordingly. By considering volatility, the EA can avoid entering trades during highly volatile periods and reduce the risk of false signals.
5. RSI Filter: The Relative Strength Index (RSI) filter is a popular technical indicator used to assess the strength of price movements. By incorporating the RSI filter, the EA can identify overbought or oversold market conditions and make informed trading decisions.
6. ATR Filter: The Average True Range (ATR) filter measures market volatility and determines the potential range of price movements. By considering the ATR, the EA can adjust its stop-loss and take-profit levels to match the current market conditions.
7. Bollinger Filter: The Bollinger Bands filter consists of upper and lower bands that represent price volatility. By using this filter, the EA can identify periods of low volatility and high volatility, enabling it to adjust its trading strategy accordingly.
8. Hull-Moving-Average Filter: The Hull-Moving-Average (HMA) filter is a responsive moving average that reduces lag and provides a smoother representation of price movements. By incorporating the HMA filter, the EA can improve the accuracy of its trading signals.
9. Parabolic SAR Filter: The Parabolic Stop and Reverse (SAR) filter helps identify potential trend reversals. By considering the Parabolic SAR, the EA can adjust its trading strategy to align with the current market conditions.
10. MACD Filter: The Moving Average Convergence Divergence (MACD) filter is a trend-following momentum indicator. By utilizing the MACD filter, the EA can identify potential trend changes and generate accurate trading signals.

Additional Features

• Slippage Protection: Minimizes the impact of slippage during trade execution.
• Reverse Mode: Allows the EA to reverse trading positions when market conditions change.
• Spread Filter: Filters out trades during periods of high spread to avoid unfavorable trading conditions.
• Take Profit and Stop Loss: Enables customization of take profit and stop loss levels.
• Risk Percent: Allows traders to set the desired risk percentage per trade.
• Martingale Option: Provides the option to incorporate a martingale strategy, although it is recommended to use with caution.
• Trailing Stop: Enables the EA to trail stop loss levels to lock in profits.
• Break Even: Automatically adjusts stop loss levels to the entry point once a specific profit level is reached.
• Basket Profit: Provides the option to close all trades once a certain profit level is reached.
• Time Filter: Allows traders to define specific trading hours to align with their preferred trading sessions.
• Grid Order: Implements a grid trading strategy, where additional trades are opened at predefined price intervals.

PR Support And Resistance EA Results

Conclusion

The PR Support And Resistance EA is a comprehensive forex robot equipped with powerful filters that enhance your trading strategies. By leveraging a combination of technical indicators, this EA aims to generate accurate trading signals based on support and resistance levels. However, it is important to note that no trading tool guarantees profits, and proper risk management and monitoring are essential. Consider incorporating the PR Support And Resistance EA into your trading arsenal to optimize your forex trading experience and improve your chances of success.

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Disclaimer: Trading in the Forex market involves risks, and past performance is not indicative of future results. The information provided in this article is for educational purposes only and should not be considered financial or investment advice. Always conduct your research and seek professional guidance before making any trading decisions.