Botogon trades gold on the M30 timeframe using support and resistance. Here is how that works in code and where to get source to study it.
The strategy in code terms
A support/resistance EA identifies price levels where the market has reacted before, then trades bounces or breaks around them on a fixed timeframe like M30. In code, the core is the level detection routine and the rule that decides bounce versus break.
What to study in the source
- How support and resistance levels are detected.
- The bounce vs break decision.
- Stop placement relative to the level.
Build your own with editable source
Our free source code library and premium source codes include editable MQL4/MQL5 EAs to study level based logic in MetaEditor. Start with our guides.