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The Z S 1 Forex Instrument Expert Advisor is a mechanical VertexFX client-side script that employs Martingale mechanism within a zone to open and manage trades.
Both BUY and SELL positions are opened by this Expert Advisor in a hedging mechanism to minimize risk and enhance profitability.
When the Expert Advisor starts, and there are no open positions, it immediately opens a BUY and a SELL order at market. The Expert Advisor divides the price into four market zones as follows:
1. Zone zero – The initial zone when there are no open positions.
2. Zone 1 – This zone lies between the entry price of the initial open positions and a band of ORDER_SPACE points.
3. Zone 2 – This zone lies above Zone 1.
4. Zone 3 – This zone lies below Zone 1.
After the initial trades (both BUY and SELL) are placed, the Expert Advisor checks for conditions to add a Martingale position, and similarly for exit conditions.
When the price falls into Zone 2 or Zone 3, the Expert Advisor opens a SELL trade, or a BUY trade respectively. Each trade is opened at a distance of ORDER_SPACE from its previous order.
It opens up to 12 orders in each direction in a Martingale series and the lot-sizes are increased proportionately in the following sequence of 3, 6, 12, 24, 48, 96, 192, 384, 768, 1536 and 3072. So, if the first lot-size is 0.1 lots, then the final (12th) lot-size will be 307.2 lots.
When the total profit of all the positions combined is greater than zero, then all the positions are closed.
Both BUY and SELL positions are opened by this Expert Advisor in a hedging mechanism to minimize risk and enhance profitability.
When the Expert Advisor starts, and there are no open positions, it immediately opens a BUY and a SELL order at market. The Expert Advisor divides the price into four market zones as follows:
1. Zone zero – The initial zone when there are no open positions.
2. Zone 1 – This zone lies between the entry price of the initial open positions and a band of ORDER_SPACE points.
3. Zone 2 – This zone lies above Zone 1.
4. Zone 3 – This zone lies below Zone 1.
After the initial trades (both BUY and SELL) are placed, the Expert Advisor checks for conditions to add a Martingale position, and similarly for exit conditions.
When the price falls into Zone 2 or Zone 3, the Expert Advisor opens a SELL trade, or a BUY trade respectively. Each trade is opened at a distance of ORDER_SPACE from its previous order.
It opens up to 12 orders in each direction in a Martingale series and the lot-sizes are increased proportionately in the following sequence of 3, 6, 12, 24, 48, 96, 192, 384, 768, 1536 and 3072. So, if the first lot-size is 0.1 lots, then the final (12th) lot-size will be 307.2 lots.
When the total profit of all the positions combined is greater than zero, then all the positions are closed.
