Support, Resistance, and Daily Fibonacci Levels in a Trading Robot
Summary
This brief description outlines a trading robot for the Hang Seng Trader listing. It combines a support and resistance indicator calculated on the active chart timeframe with Fibonacci lines derived from the high and low of daily bars. The stated configuration uses one daily bar to identify those reference levels. The robot exposes position volume, trailing stop distance, trailing step, the number of daily bars, and a unique identifier as inputs.
The document names EURUSD on a 15-minute chart as an example test setting, but provides no test results, entry or exit rules, risk limits, or explanation of how the support, resistance, and Fibonacci levels determine trades. It therefore conveys the broad structure and configurable controls of the expert advisor rather than enough detail to evaluate its logic or reproduce its behavior. The listing also credits the original idea and code authors, while offering no evidence of profitability or robustness across markets and timeframes.
Key ideas
- The robot combines support and resistance levels from the current chart timeframe with Fibonacci levels based on daily highs and lows.
- Its level calculation is configured to use one daily bar in the described setup.
- Inputs include position volume, trailing stop and step, the daily-bar lookback, and a unique robot identifier.
- An EURUSD 15-minute chart is named as an example test setting, without accompanying results or detailed trading rules.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.