Forex Stock Exchange Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Forex Stock Exchange Forum

Forum About Trading on Forex,Stock,Binary Options, CryptoCurrency and NFTs


PAMM StratoFounds

You are not connected. Please login or register

ATR Trailer EA VertexFX

Go down  Message [Page 1 of 1]

1ATR Trailer EA VertexFX Empty ATR Trailer EA VertexFX Mon May 11, 2015 9:20 am

traderEd



Hello,

I have converted the ATR Trailer Expert Adviser to VertexFX client side VTL Script.

ATR Trailer is a client side VTL Expert Adviser. The EA opens a position when the EA is started on VertexFX client terminal. It then applies a stop loss based on ATR and ATR multiplier (default 3).

The stop loss is calculated as (entry price - ATR * ATR multiplier). Then as the trade progress, the stop loss is trailed, subtracting ATR stop loss from the maximum favorable level the price has reached. This continues until the stop loss is hit. When stop loss is hit, the EA opens new trade in the opposite direction to the closed trade, and ATR trailing stop loss is applied until stop loss is hit.

Hope this is useful to VertexFX terminal users.

[You must be registered and logged in to see this image.]

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum