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Binario 31 Expert Advisor for VertexFX terminal

Discussion in 'Strategies & Systems' started by OmSaiTech111, Oct 13, 2016.

  1. OmSaiTech111

    OmSaiTech111 Active Member Trader

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    The Binario 31 Expert Advisor is a powerful VertexFX client-side script that trades breakouts based on Exponential Moving Averages (EMA).

    It relies on Exponential Moving Averages to define a price band which acts as Support and Resistance levels, which when breached generates new trend breakouts.
    Pending SELL-STOP and BUY-STOP orders are placed just outside the Support and Resistance levels to catch potential breaks.

    If the price reverses after a breakout, which is termed as a false breakout, and then hits a stop-loss, the pending order of the opposite direction is triggered, thus providing another opportunity to trade the breakout in the opposite direction.

    In the first step it calculates the 144-period Exponential Moving Average of the High prices. This is considered the Resistance level.

    It then calculates the 144-period Exponential Moving Average of the Low prices. This is considered the Support level.

    A BUY-STOP pending order is placed at a distance of PIP_DIFFERENCE above the Resistance. The stop-loss of this BUY-STOP pending order is one pip below the Resistance level and the take-profit is set to the TAKE_PROFIT value. If a LONG position is already open, a pending BUY-STOP order is not placed.
    Likewise, a SELL-STOP pending order is placed at a distance of PIP_DIFFERENCE below the Support.

    The stop-loss of this SELL-STOP pending order is one pip above the Resistance level, and the take profit is set to the TAKE_PROFIT value. If a SHORT position is already open, a pending SELL-STOP order is not placed.

    If the Support and Resistance levels change while the order(s) are pending, the entry price, stop-loss and take-profit values are adjusted accordingly.
    The Expert Advisor protects profitable positions with a trailing stop defined by the TRAILING_STOP parameter.

    http://www.hybrid-solutions.com/plugins/client-vtl-plugins/free/Binario-31.html
     
  2. Sarfraz Ahmed

    Sarfraz Ahmed Well-Known Member Trader

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    Exponential moving average is a good indicator though I don’t use it. I trade naked with FreshForex broker with their excellent trading conditions. The 101% Tradable Bonus makes for excellent case as it is margin regulated and instantly doubles the trading capital to trade for higher transactions. There is also this educational resource to take care of the skills needs. Good customer support and fast withdrawals is very good.
     

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