NTR Reverse – Client Side Expert Adviser

NTR Reverse is VertexFX client side VTL Expert Adviser. NTR Reverse EA is based on trading range breakout strategy. The breakout range is calculated as the trading range of the most recent bars, determined by the parameter “per”. Default value for trading range is 3 bars. The EA avoids choppy breakouts by applying a ATR or fixed pips based filter to the breakout level. When the high of the trading range is broken upward, a buy position is opened. When the low of the trading range is broken, a sell position is opened.

In the image white horizontal lines defines the trading range of recent bars. The green dotted line is the breakout level after adding the filter value to the trading range. The red dotted line is the downward breakout level after subtracting the filter value from the lower level of the trading range.

NTR Reverse EA applies Stoploss (SL) and trailing stoploss and takeprofit (TP) level to open positions. The trading range for breakout trades as well as the take profit, stop loss, breakout filter etc. can be set up in in the EA through parameters.

Usage

• Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
• Copy it to your company VertexFX Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Files
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.