Description

Range Support Resistance Bounce EA

Short Tagline: A range-trading strategy that identifies a horizontal trading range and buys support /…

Short Description:
Range Support Resistance Bounce EA is a fully automated range trading / mean reversion. Expert Advisor for MT4 and MT5. A range-trading strategy that identifies a horizontal trading range and buys support / sells resistance with rejection confirmation. Built-in risk controls and market filters keep execution disciplined across live and demo accounts.

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Overview

A range-trading strategy that identifies a horizontal trading range and buys support / sells resistance with rejection confirmation. It profits from oscillation between well-defined boundaries while a range regime persists.

Features

• Horizontal range detection (recent swing highs/lows clustering)
• RSI(14)
• ADX(14) as a range confirmation (must be low)
• Configurable stop-loss, take-profit, and trailing logic
• Session, spread, and news-time filters for disciplined execution
• One-trade-per-bar / duplicate-signal protection
• Clean, single-file MQL4 and MQL5 implementations
• No hidden logic — every input is exposed and documented
• No martingale, no grid, no hidden recovery logic

Trading Strategy

Entry logic: – Confirm a range: ADX < 20 and price contained between a support and resistance band for N bars.

• Long: price tags support, RSI < 35, bullish rejection candle. Enter toward the range midpoint/top.
• Short: price tags resistance, RSI > 65, bearish rejection.

Exit logic: – Exit at the opposite boundary or the midpoint (conservative). Exit all if price closes decisively outside the range (breakout invalidation).

Stop-loss: SL just beyond the boundary (below support / above resistance) plus a buffer to survive minor overshoots.

Take-profit: TP at the opposite boundary; scale 50% at the midpoint.

Trailing stop: Minimal; optional break-even after the midpoint is reached.

Break-even: Break-even after price travels 50% toward the target.

Why it works: High win rate while ranges persist.; Clear, mechanical boundaries..

Recommended Settings

• Timeframes: M15, M30, H1.
• Instruments: EURUSD, EURGBP, USDCHF, AUDUSD, XAUUSD.
• Account type: ECN/Raw spread accounts preferred
• Minimum recommended balance: $500+ (adjust lot sizing to your risk tolerance)
• VPS: Recommended for 24/5 uptime and consistent execution
• Risk management: Risk 0.75% per trade. Max 2 open. Stand aside once a confirmed breakout occurs.

Supported Markets

Forex majors and crosses, gold, indices during consolidation.

Supported Brokers

Compatible with any regulated MT4 or MT5 broker offering standard order execution (market or instant execution). Works with ECN, STP, and standard account types. No broker-specific dependencies.

Installation Guide

1. Download the .ex4 (MT4) or .ex5 (MT5) file from your purchase delivery.
2. Open MetaTrader, go to File → Open Data Folder.
3. Copy the file into MQL4/Experts (MT4) or MQL5/Experts (MT5).
4. Restart MetaTrader or right-click Expert Advisors in the Navigator and select Refresh.
5. Drag the EA onto the chart of your chosen symbol and timeframe.
6. Enable Allow live trading (and Allow DLL imports if prompted) in the Common tab.
7. Adjust inputs to match your risk profile, then click OK.
8. Confirm AutoTrading is enabled in the toolbar.

• Session filter: Trade calmer periods; avoid session opens that tend to break ranges.
• Spread filter: Reject if spread > 2 pips / symbol threshold.
• News filter: Avoid entries 20 minutes around high-impact news (ranges break on news).
• Volatility filter: Require low ATR (below its 100-period average) — the strategy only works while the range holds.

Risk Disclaimer

Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Past performance, backtest results, and simulated outcomes are not indicative of future results. This EA does not guarantee profits. Always test thoroughly on a demo account before deploying real capital, and never risk funds you cannot afford to lose.

Version

v1.0.0

Support

Support is provided through the marketplace messaging system. Please include your broker, symbol, timeframe, and EA version when reporting an issue.

Updates

Free updates are provided for bug fixes and compatibility improvements. Feature updates may be released as versioned upgrades.

FAQ

Q: Does this EA work on both MT4 and MT5?
A: Yes, separate optimized builds are provided for each platform.

Q: Can I run this on multiple pairs at once?
A: Yes, attach separate instances to separate chart/symbol combinations.

Q: Does it use martingale or grid recovery?
A: No. This is a pure signal-based strategy with defined risk per trade.

Q: What timeframe works best?
A: M15, M30, H1. for the cleanest signals, but the EA can run on other timeframes with adjusted inputs.

Q: Is a VPS required?
A: Not required, but strongly recommended for uninterrupted 24/5 operation.