To use this option you will need to first input “true” into the Use File S/R Areas (2) input.
Then you will need to place the S/R area table file in the correct folders inside MT4 and put the correct file name in the S/R table file name input.
Find your MT4 terminal folder.
Put the .csv files into the Files folder in your MT4 directory. (….\MQL4\Files)
For Bactesting copy the .csv file into the tester Files folder in your MT4 directory.(….\tester\File)
Important considerations when using the S/R Area Table files #
When using the files or creating your own its important to consider the following:
Please use the provided files as a guide to filling out your own S/R areas
In this column, you need to input the symbol for the instrument to which the S/R area is to be applied.
Make sure that you input the name exactly as your broker has them on MT4 so that it can be properly identified by the EA.
Place all S/R areas for 1 instrument in 1 block and then continue to the next instrument to facilitate future updates and prevent mistakes.
This is where the End Date for the S/R areas is placed.
The time and date is the one reported by your MT4 broker platform (you can check the current time easily by opening the market watch on your MT4 Platform)
The Format is YYYY.MM.DD or YYYY.MM.DD HH:MM:SS
The list has to be sorted by historical order being the oldest data at the top and the newest date at the bottom
If the wrong order is used this will cause the EA to read the wrong values during backtests.
- Your start date for an S/R zone is the end of the previous zone, put your absolute start date as the 1st date with 0 on each S/R value to mark the start of your 1st zone.
This is where you put the values for your S/R zones.
The top of the Resistance is R1, the bottom is R2. For support, the top is S1 and the bottom S2 same as with the S/R area filter with lines in the chart.
If at any point in time you want to disable an S or R zone you can input 0 in each of their values and this will effectively invalidate it.
This section will tell the EA that the specific S/R line is currently valid.
If true is written the EA will ignore the end date and the zone will be taken as valid regardless.
If false is written then the EA will take into account the end date
This is meant to differentiate between zones for back-test and ones for live trading or current.