SnL Live Scalper

Advanced Support & Resistance Grid Trading System

Overview

SnR Live is an advanced automated trading system that combines intelligent support and resistance level detection with sophisticated Fibonacci-based position scaling. This professional-grade EA identifies high-probability entry points at key market levels and employs a dynamic grid strategy with comprehensive risk management to capture profits from market fluctuations.

Key Features

? Intelligent Support/Resistance Detection

• Pivot Point Analysis: Automatically identifies swing highs and lows using configurable lookback periods
• Moving Average Clusters: Detects confluence zones where multiple EMAs converge (20, 50, 100, 200 periods)
• Dynamic Level Validation: Requires minimum touch count for level confirmation
• Strength-Based Ranking: Prioritizes trading levels by their historical significance

? Advanced Grid Management

• Fibonacci Lot Progression: Uses the Fibonacci sequence (1, 1, 2, 3, 5, 8, 13...) for position sizing
• Separate Buy/Sell Grids: Independent management of long and short positions
• Configurable Grid Direction: Choose between unidirectional or bidirectional trading
• Minimum Level Spacing: Prevents position clustering with customizable pip-based distances

?️ Comprehensive Risk Management

• Daily Loss Limits: Automatic trading halt when daily loss threshold is reached
• Equity Risk Control: Maximum drawdown percentage protection
• Position Size Limits: Configurable base lot size with Fibonacci scaling
• Time-Based Filtering: Restrict trading to specific hours

? Smart Position Management

• Market Hours Detection: Prevents close attempts during market closure
• Retry Logic: Robust position closing with automatic retry mechanisms
• Profit Target System: Closes entire grid when target profit is achieved
• Level Tracking: Prevents duplicate trades at the same support/resistance levels

Trading Strategy

The EA operates on a sophisticated multi-layered approach:

1. Level Identification: Continuously scans for valid support and resistance levels using pivot analysis and MA clusters
2. Entry Conditions: Enters positions when price approaches validated S/R levels within tolerance
3. Grid Building: Adds positions at additional S/R levels using Fibonacci lot progression
4. Profit Taking: Closes entire grid when cumulative profit reaches target
5. Risk Protection: Monitors daily P&L and equity risk throughout trading session

Optimized Performance

✅ Extensively backtested on M4 through H4 timeframes
✅ Low drawdown characteristics with consistent profit generation
✅ Market condition adaptability - performs in both trending and ranging markets
✅ Professional-grade code with comprehensive error handling and logging

Input Parameters

EA Control

• EnableEA : Master on/off switch
• MagicNumber : Unique identifier for EA trades
• TradeComment : Custom comment for position identification

Risk Management

• BaseLotSize : Starting position size for grid
• TargetProfitUSD : Profit target for grid closure
• MaxGridLevels : Maximum number of grid positions
• MaxDailyLossUSD : Daily loss limit
• MaxEquityRisk : Maximum equity risk percentage

S/R Detection

• PivotLookback : Period for swing high/low detection
• MinTouchCount : Minimum touches required for level validation
• LevelTolerance : Price tolerance for level entry (points)
• MaxLevelsDisplay : Maximum S/R levels to track

Grid Configuration

• MinDistanceBetweenLevelsPips : Minimum spacing between positions (pips)
• AllowBothDirections : Enable/disable bidirectional trading
• UseTimeFilter : Enable time-based trading restrictions
• StartHour / EndHour : Trading session hours

Moving Average Settings

• MA1_Period through MA4_Period : EMA periods for cluster detection
• MA_ClusterDistance : Distance threshold for MA confluence

Requirements

• Minimum Deposit: $1000 recommended for 10m + you may want more for M4 - M10 but back test
• Timeframes: M4 to H4 (optimized for M15/M10)
• Currency Pairs: All major and minor forex pairs
• Account Type: Any (ECN/Standard)

Disclaimer: Past performance does not guarantee future results. Please test thoroughly on demo account before live trading. Risk management is essential for successful automated trading.