u/Actual_Resort1892 ·
Reddit — r/algotrading
· May 07, 2026 at 09:58
· ⬆ 21 pts
· 💬 14 comments
| View on Reddit ↗
AI Summary
Summary
The author describes a fully automated support & resistance bot trading US30 (Dow Jones) that scans every 10 seconds, identifies broken resistance around 49,986, and has built 14 short positions currently showing +$799 floating P&L.
The thesis is that price retracing to a broken resistance zone creates a high-probability short entry, with conviction increased when 4H and 1H resistance levels align.
Quality assessment: This is anecdotal performance reporting from a single session, not a systematic backtest or fundamental analysis; more akin to a trading journal than rigorous DD – moderate noise.
Score21
Comments14
Upvote %87%
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Been trading with a fully automated support & resistance script with a pretty decent performance, here's an update of today's session on US30 pre market open.
The bot scans every 10 seconds. Each cycle it pulls fresh S&R levels across two timeframes, checks where price is relative to those levels, and decides — buy, sell, or wait.
This morning it flagged a retracement to a broken resistance zone around 49,986 and started building sell positions. No manual input, no chart watching.
Currently +$799 floating across 14 positions. All targeting the same TP level.
What I find interesting is how it handles confluence — when a 4H resistance and a 1H resistance stack close together, it treats that zone as higher conviction and sizes up slightly.
Happy to answer questions on the detection logic.
The bot identified a retracement to a broken resistance zone near 49,986 (US30) using 4H and 1H S&R levels; it began accumulating short positions with a uniform take-profit target. Broken resistance often flips to resistance upon retest, and the confluence of two timeframes suggests stronger selling pressure – a classic mean-reversion/breakout-failure pattern. The author’s bot is actively shorting US30 based on this mechanical logic; if the pattern holds, the short position could capture further downside before the next support level. Price could break above the 49,986 zone (false retest), momentum could shift with the market open, or the bot’s TP target may be hit quickly, limiting further gains.
This Reddit post, published May 07, 2026,
features u/Actual_Resort1892
discussing DIA.
1 trade idea extracted by AI with direction and confidence scoring.