Gandalf Pro

The Gandalf PRO is a client-side Expert Advisor script based on Exponential and Simple Moving average crossovers and smoothing. The Expert Advisor evaluates trades at open of each new candle. If a trade is already opened by the Expert Advisor, no new trades will be placed till the existing trades are closed. In the first step we calculate the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) over the BUY COUNT period to evaluate BUY trades, and over the SELL COUNT period to evaluate SELL trades.

The value of the most recent closed SMA and EMA is used. A smoothed moving average is calculated by using the SMA and EMA, and further smoothing using W PRICE and W TREND (for BUY trades), and M PRICE and M TREND (for SELL trades). These values are further smoothed over the recent closed BUY TREND (or SELL TREND) period. This is called the Gandalf PRO moving average – which is the target. If the current price (candle open price) is at least 15 pips below the GANDALF PRO value, then a BUY trade is initiated. If the current price (candle open price) is alteast 15 pips above the GANDALF PRO value, then a SELL trade is initiated. The lot size is specified as per LOT SIZE, and the stop-loss of the trade is specified by the BUY STOPLOSS POINTS and SELL STOPLOSS POINTS.

Inputs:

– BUY ENABLED: Specifies whether BUY trades are allowed.
– BUY COUNT: The period used to calculate SMA for BUY trades.
– W PRICE: The price weightage for SMA calculated for BUY trades.
– W TREND: The price weightage for EMA calculated for BUY trades.
– BUY STOPLOSS POINTS: The number of points for BUY trades.
– SELL ENABLED: Specifies whether SELL trades are allowed.
– SELL COUNT: The period used to calculate SMA for SELL trades.
– M PRICE: The price weightage for SMA calculated for SELL trades.
– M TREND: The price weightage for EMA calculated for SELL trades.
– SELL STOPLOSS POINTS: The number of points for SELL trades.
– LOT SIZE: The lot size of each trade.
– MAGIC: The Magic number to identify the EA.

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:ProgramDataVertexFX Client Terminals”Company name”VTL10Local VTL Scripts
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.