Support and Resistance Pro

Support and Resistance Pro [Wukong Algo]

• A method that specializes in trading at support and resistance zones, supply and demand, or POC zones of Volume Profile. This is a versatile indicator and foundation for you.
  
• Automatically connect TradingView and MetaTrader 5 (MT5) for automatic trading and order management via PineConnector
  
• The system includes a risk management grid including the levels: Stop Loss (SL), Break-even (BE), Trailing Stop, TP1 (1/4), TP2 (2/4), TP3 (3/4), TP4 (4/4). This grid helps you easily monitor and manage orders on TradingView in parallel with automatic order management on MT5.
  
• Suitable for all markets: Forex, Gold, Crypto, Stocks, as long as you use MT5 and TradingView
  
• If you do not need to trade automatically via MT5, the Support and Resistance Pro can also be used as an effective indicator in visual order management on TradingView charts, helps maintain discipline and good trading psychology (less Stress or FOMO)
  

Support and Resistance Pro system quick guide:

Step 1: Click a point in the support and resistance zone (supply and demand) to draw a horizontal line

When a new resistance/supply or support/demand zone appears (fresh), we draw a reaction band, including the order execution price (yellow and blue lines), and the stop loss price (red line). You can completely adjust the width of the blue and red bands with the input parameters.

Select the direction you want to trade, for example in the picture we are choosing the Sell (Short) order



Step 2: Enter the input parameters for the system including:

• Direction of Long (Buy), Short (Sell), Turn Off (No trade) orders
  
• Width of Entry price (trigger), and width of Stoploss (SL) range
  
• Order volume, TP1, TP2, TP3, TP4 levels
  
• Maximum number of transactions on a support and resistance zone (supply and demand)
  

Step 3: Set up automatic trading from TradingView via PineConnector EA and MT5

• If you do not need automatic trading in MT5, skip this step. Entry signals and risk management grids will still be displayed on the TradingView chart for you to see, but there is no connection and automatic trading signal shooting and automatic order management from TradingView to MT5 via PineConnector.
  
• We need to create an Alert in TradingView and attach it to this Indicator so that the Alert's trading signals are transmitted via MetaTrader 5 (MT5) via PineConnector.
  
• When trading, you need to turn on 3 software at the same time to be able to connect to each other to operate: TradingView, MetaTrader 5 (MT5), PineConnector
  

See more details in the screenshots



Step 4 - Complete setup, and wait for trading signals

• You have completed the setup steps for the Indicator, ready when there is a trading signal
  
• You do not need to sit in front of the screen all day if you do not want. The system has been set up to execute and manage orders automatically.
  
• Of course, sometimes you should still check your transaction status, in case of unexpected problems such as lost internet connection.
  
• If you still have questions about this Indicator, please email [e-mail] for support.