MAVA Xonax

MAVA Xonax Expert Advisor is an innovative VertexFX client side script based upon Exponential Moving Average (EMA) crossover of two price-series, namely the OPEN and CLOSE prices.

The idea behind the MAVA Xonax Expert Advisor is that in bullish markets, the closing prices are above the opening prices, and similarly in bearish markets the closing prices are below the opening markets. Whenever this pattern changes, the market will change direction from bullish to bearish or vice-versa. This idea is incorporated in this Expert Advisor. It uses two data series, namely the Exponential Moving Average (EMA) of the OPEN prices, and the Exponential Moving Average (EMA) of the CLOSE prices.

This Expert Advisor provides the flexibility of trading on a different time-frame than that of the current chart by using the appropriate value of the TIME_FRAME parameter.

BUY RULE –
A BUY position is opened at the close of the candle when the EMA of the Close price series crosses above the EMA of the Open price series. This crossover is an important signal that implies the market has turned bullish from bearish or neutral mode.

SELL RULE –
A SELL position is opened at the close of the candle when the EMA of the Close price series crosses below the EMA of the Open price series. This crossover is an important signal that implies the market has turned bullish from bearish or neutral mode.

EXIT RULE –
The Expert Advisor uses a stop-loss of 40 pips, and a take-profit target of 60 pips. The Buy and Sell trades can co-exist at the same time, and are managed independently by the Expert Advisor.

Configurable Inputs

1. LOTS – The lot-size of the trade opened by the Expert Advisor.

2. PERIOD – The period used to calculate the Exponential Moving Average (EMA) over the specified TIME_FRAME.

3. TIME_FRAME – The time-frame (in minutes) over which the Exponential Moving Average (EMA) is calculated. For example, if this value is 240, it implies that the EMA will be calculated on the 4-hour candles.

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.