Forex Fraus for M1s - Expert Advisor for VertexFX

Discussion in 'Strategies & Systems' started by OmSaiTech111, May 19, 2016.

  1. OmSaiTech111

    OmSaiTech111 Well-Known Member Trader

    Mar 29, 2016
    Likes Received:
    Forex Fraus for M1 Chart is a VertexFX VTL client-side Expert Advisor based on the Williams %R indicator that identifies market reversals and

    trades based on these market reversals.
    The basic idea behind this indicator is that it opens a BUY trade when the Williams %R indicator is in oversold mode (greater than -99.9), and open a

    SELL trade when the Williams %R indicator is in overbought mode (less than -0.1).
    At the close of each candle, this Expert Advisor determines whether the Williams %R is overbought or oversold. If it is overbought, and an open SELL

    position does not already exist, it opens a SELL trade. The stop-loss and take-profit is set to STPLOSS and TKPROFIT respectively. If the Expert

    Advisor is configured for trailing-stop ( Parameter PROFITTRAILING = True), then a trailing-stop is applied using the Parameter TRAILINGSTOP

    and Parameter TRAILINGSTEP parameters respectively.
    The Expert Advisor can be configured to trade during specific hours of the day (trading session), by setting Parameter TME to TRUE, and configuring

    Parameter STARTIME and Parameter STOPTIME respectively.
    If Parameter ALLPOSITIONS is set to TRUE, the exit criteria using stop-loss, take-profit and trailing-stop is applied to open positions of all symbols

    and not just the current symbol. However, it should be noted that the entry rules apply to the current chart symbol only even if Parameter ALLPOSITIONS is set to TRUE.

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