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OmSaiTech
Number of messages : 45
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Date of Entry : 2016-05-08
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ma1 Hedge Average VTL Auto Trader for VertexFX

on Wed Dec 25, 2019 4:14 am
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Hedge Average is a powerful VTL Auto Trader for VertexFX trading system that employs a great hedging mechanism with two Moving Averages with their Open and Close Price settings to open trading positions.

The main idea behind this strategy is when the Open Price of moving average Period_1 is less than than the close price of moving average Period_1 and open price of Moving Average Period_2 is greater than the close price of Moving Average Period_2 then a LONG position triggered,

Similarly when the Open Price of moving average Period_1 is greater than the close price of moving average Period_1 and the open price of Moving Average Period_2 lower than the close price of Moving Average Period_2 then it generates a SHORT position. The Auto Trader keeps placing orders until it books the desired profit.

The maximum number of open positions can be controlled by the Max_order input parameter. If the orders contain hedge positions, then the max order applies to each LONG and SHORT positions. Suppose, if Max_order parameter is set to 10, then the Auto Trader will have maximum 10 averaging Buy orders, and 10 Sell averaging orders.

The Auto Trader has two different methods for closing the open positions, one based on money targets and the other based on stop loss & take profit targets in pips. It can either close all the position by setting Tp_in_Money parameter as TRUE and setting value for TP_in_money1 parameter. If Tp_in_Money parameter is set to FALSE, then the Auto Trader will ignore any input parameter in TP_in_money1, and only refer to SL and TP parameter to close the open positions. The Auto Trader also gives flexibility to the trader to define the best trading hours by setting Start_Hour and End_Hour parameters.

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