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{"id":14228,"date":"2023-02-10T14:40:35","date_gmt":"2023-02-10T11:40:35","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=14228"},"modified":"2026-05-26T10:55:42","modified_gmt":"2026-05-26T07:55:42","slug":"setting-up-the-support-and-resistance-based-on-240-bars-trading-strategy","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2023\/02\/10\/setting-up-the-support-and-resistance-based-on-240-bars-trading-strategy\/","title":{"rendered":"Setting Up the \"Support and Resistance Based on 240 Bars\" Trading Strategy"},"content":{"rendered":"\n

Today we will look at the medium-term Support and Resistance<\/a> Based on the 240 Bars strategy. Support and resistance levels will be automatically plotted using the SF Trend Lines indicator as \"bullish\" and \"bearish\" channels. The strategy involves trading the pairs EUR\/USD<\/a>, GBP\/USD<\/a>, USD\/JPY<\/a>, USD\/CAD<\/a>, USD\/CHF<\/a>, and NZD\/USD<\/a> on the four-hour chart.<\/p>\n\n\n\n

In this article we will explain how to add the indicator to the trading terminal, discuss the rules for opening and closing positions, as well as the subtleties of setting Stop Loss<\/a> and Take Profit<\/a>.<\/p>\n\n\n\n

<\/span><\/a>Setting up the SF Trend Lines indicator<\/span><\/h2>\n\n\n\n\nDownload SF Trend Lines<\/li>\n\n\n\nAdd it to the installed trading terminal by opening the MQL4 folder and pasting it into the Indicators folder<\/li>\n\n\n\n