I’m exploring options to purchase a Support and Resistance (S&R) Indicator for cTrader, and I have a few questions regarding its functionality and integration capabilities. I’d like to leverage this tool for both live trading and strategy backtesting.
Here are my specific queries:
Backtesting Compatibility: Is it possible to backtest an S&R indicator in cTrader using the historical data feature? I want to test various strategies (e.g., bounce trades and breakout trades) by integrating the indicator into a cBot.
Indicator Buffers/Output: Do most S&R indicators provide accessible buffers or signals that cBots can read? For example, is there a way to extract support and resistance levels programmatically for strategy automation?
Customization: Are S&R indicators usually customizable (e.g., sensitivity adjustments, timeframe configurations)?
Access to Source Code: If I purchase an S&R indicator, is it common for developers to provide access to the source code? If not, are there any recommended indicators with such an option for development and integration purposes?
License Terms: What should I look out for in the license terms? For example:
Do licenses generally include updates?
Are there usage restrictions (e.g., number of accounts/platforms)?
I’d love to hear your experiences or recommendations regarding S&R indicators that are reliable and backtesting-friendly. If anyone has used one that fits the bill, please share your insights!
Thank you in advance for your guidance!
