BOTS
SUPPORT & RESISTANCE BOT
CrowdSent
S/R Bot
An automated MT5 strategy that identifies and trades potential bounces around algorithmically mapped support and resistance zones.
Learn about this bot here. Set it up and use it in the CrowdSent dashboard.
How it Works
Support and resistance are areas, not just single prices. The S/R Bot maps these zones and looks for technical confirmation before attempting to capture a high-probability bounce. Note: A zone is an area of potential interest, not a guaranteed turning point.
Algorithmic Zone Mapping
Automatically identifies significant historical price areas where the market has previously reversed or consolidated.
RSI Confirmation Filter
Requires RSI to be in an extreme condition (overbought/oversold) within the zone to confirm a high probability of a reversal.
Built-in Risk Management
Includes automated Stop Loss and Take Profit targets based on the structure of the zone being traded.
S/R Zone Engine
Map: Significant H/L Areas. Confirmation: RSI Reversal + Zone Touch. Exit: Next Major S/R Zone.
around this bot
Your CrowdSent Agent helps you get more out of this bot. Use the Agent to help configure the bot, adjust its settings and connect it with other relevant parts of your CrowdSent environment.
The Agent can bring together market data, sentiment, alerts and bot functionality to support a more personalised workflow.
- Ask the Agent questions about the bot
- Learn more about fine-tuning the bot
- Get help setting up and configuring the bot
- Review and interpret backtest results
- Get recommendations for improving your settings
- Work with the Agent to optimise the bot for better results
“The bot performs a specific function. The Agent helps you put it to work.”
FAQ & Next Steps
What is the difference between a level and a zone?
A level is a single price. A zone is an area where historical reversals have occurred, which the bot uses to provide a more flexible and realistic target for entries.
Does the bot trad breakouts?
No, the S/R Bot is designed for bounces. For breakout strategies, we recommend our specialized Breakout Bot.
Trade Key Levels
Setup the S/R Bot today.