RSI Chanel Strategy

Description

RSI Chanel is a VTL client script that will open sell market order when current value is less than Level Down value and buy market order if current value is greater than LevelUp Close the desired ticket based on its profit or loss. You can define the parameters as follows:

1-TakeProfit: The Profit amount to close on, default value is 40

2-StopLoss: The Loss amount to close on, default value is 20

3-Lots: This parameter can be defined as well to close the position partially, default value is 1

4-ind1Period: Period of indicator RelativeStrengthIndex, default value is 14

5-rsiLevelUp: evel Up, default value is 60 6-rsiLevelDown: Level Down, default value is 40

6-rsiLevelDown: Level Down, default value is 40

Usage

• Download the attachment.
• Copy it to your company VertexFX  Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Scripts
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.