Automatic Support and Resistance for MT5 (MT5) — review, price and free alternatives

In testing, the indicator demonstrated consistent identification of major turning areas by evaluating historical pivot structure and recent retest behavior. The first distinguishing feature of Automatic Support and Resistance for MT5 is visual clarity: dark green marks newly formed support, lighter green denotes validated retests, while brown tones indicate resistance and fade when broken, helping traders prioritize active zones.

The algorithm combines lookback pivot detection with retest scoring that favors recent price interaction, minimizing stale levels. This approach is particularly effective in trending and range-bound markets where price revisits previous highs and lows. Automatic Support and Resistance for MT5 handles volatile sessions by reducing sensitivity automatically when false breakouts are detected, and it provides configurable parameters for traders to tighten or widen zone width. Risk management is implemented through clear visual cues rather than automated stops, encouraging traders to apply position sizing and stop placements aligned with zone boundaries.

Expected performance characteristics include moderate trade frequency on higher timeframes with higher win-rate probability on validated retests. Automatic Support and Resistance for MT5 is not a blacklist of trades but a tool to improve entries, reducing guesswork and improving consistency when combined with momentum filters or volume confirmation on MT5 charts.

Risk level for Automatic Support and Resistance for MT5 is moderate when used with conservative position sizing and clear stop rules. The recommended stop loss strategy places stops beyond the zone width plus a buffer to account for spikes. Position sizing should follow percentage risk per trade, for example 0.5-2% of account equity depending on risk tolerance. Vulnerabilities include sudden news-driven breakouts and low-liquidity sessions that can invalidate zones quickly, so traders should avoid trading through major economic events. Recommended account size varies by instrument; for retail forex testing, a $1,000 minimum is suggested, with larger accounts providing more margin flexibility when using standard lots. Mehnoosh Karimi emphasizes configurable settings to align the indicator with individual risk profiles.

Install the indicator file into the MT5 Indicators folder and restart MetaTrader 5 so the tool appears in the Navigator panel. Attach Automatic Support and Resistance for MT5 to the desired chart and set the lookback period, sensitivity, and zone width parameters to match your trading timeframe. Recommended broker types are ECN or STP accounts with low spreads for precise zone entries. Optimal chart timeframes are 4H and daily for swing strategies and 1H for experienced intraday traders.