OST MA Crossover

OST MA Crossover Expert Advisor, is a super powerful VertexFX client-side script based on Moving Average crossovers. This Expert Advisor uses a fast and slow Moving Average, which are very powerful in identifying trend breakouts.

The fast Moving Average tracks the most recent changes in price, whereas the slow Moving Average tracks the changes in price over a longer period. The fast Moving Average responds to the price changes very quickly compared to the slow Moving Average. When the fast Moving Average moves in the direction of the price movement faster than the slow Moving Average it implies a confirmation in the direction of the trend.

ENTRY RULES –

1.BUY if the fast Moving Average crosses above the slow Moving Average and there is no BUY trade already open.

2.SELL if the fast Moving Average crosses below the slow Moving Average and there is no SELL trade already open.

EXIT RULES –

1.Exit BUY if the fast Moving Average crosses below the slow Moving Average.

2.Exit SELL if the slow Moving Average crosses above the slow Moving Average.

3.If the initial stop-loss is hit.

4.If the trailing stop-loss is hit.

It is very important to note that this Expert Advisor does not have a take-profit mechanism. Since the objective of this Expert Advisor is to catch large trends the losses are restricted (by using initial stop loss), whereas the profit opportunity is unlimited. As a result, this Expert Advisor can accumulate large profits if the trend is very strong.

The lot-size of each trade is based on whether Money Management (MONEY_MANAGEMENT) is enabled or not. If Money Management is disabled, the fixed LOT_SIZE value is used for the lot-size However, if Money Management is enabled, the lot-size is calculated based on the Account Balance, RISK_PERCENT and the initial stop-loss.

The initial stop-loss is calculated by multiplying the ATR_MULTIPLIER with the Average True Range. Calculated using the ATR_PERIOD.
The trailing stop-loss is calculated by multiplying the TS_ATR_MULTIPLIER with the Average True Range calculated using the TS_ATR_PERIOD. The trailing stop is applied only when the trailing stop is profitable.

If the PARTIAL_CLOSING feature is enabled, half of the open position is closed when the open profit reaches the equivalent value of the initial stop-loss. For example, if the initial stop-loss is 50 pips, and the trade is 50 pips in profit, then half of the position is closed by this Partial Closing feature.

If the BREAKEVEN feature is enabled, then the stop-loss is moved to the entry price when the open profit reaches the equivalent value of the initial stop-loss. For example, if the initial stop-loss is 50 pips, and the trade is 50 pips in profit, then the stop-loss is moved to the entry price.

Please note that if both PARTIAL_CLOSING and BREAKEVEN are enabled, then half the position is closed and the stop-loss of the remaining half position is moved to the entry price when the open profit reaches an equivalent value of the initial stop-loss.

Configurable Inputs

1.START_HOUR – The hour when the Expert Advisor is started. This value should be between 0 and 23, both inclusive.

2.START_MINUTE – The minute when the Expert Advisor is started (in combination with the START_HOUR). This value should be between 0 and 59, both inclusive.

3.END_HOUR – The hour when the Expert Advisor is stopped. This value should be between 0 and 23, both inclusive.

4.END_MINUTE – The minute when the Expert Advisor is stopped (in combination with the END_HOUR). This value should be between 0 and 59, both inclusive.

5.FAST_MA_PERIOD – The period of the fast Moving Average.

6.FAST_MA_PRICE – The price field of the fast Moving Average. The allowed values are PRICE_CLOSE (Close), PRICE_OPEN (Open), PRICE_HIGH (High) and PRICE_LOW (Low).

7.SLOW_MA_PERIOD – The period of the slow Moving Average.

8.SLOW_MA_PRICE– The price field of the slow Moving Average. The allowed values are PRICE_CLOSE (Close), PRICE_OPEN (Open), PRICE_HIGH (High) and PRICE_LOW (Low).

9.ATR_PERIOD – The period used to calculate the Average True Range (ATR).

10.ATR_MULTIPLIER – The multiplier applied to the Average True Range.

11.TS_ENABLED – Specifies whether Trailing Stop is enabled.

12.TS_ATR_PERIOD – The period used to calculate the Average True Range (ATR) for the Trailing Stop.

13.TS_ATR_MULTIPLIER – The multiplier applied to the Trailing Stop ATR.

14.PARTIAL_CLOSING – Specifies whether partial closing of positions feature is enabled.

15.BREAKEVEN – Specifies whether breakeven stop feature is enabled.

16.MONEY_MANAGEMENT – Specifies whether Money Management is enabled. If TRUE, the lot size is calculated based on the risk per trade. If FALSE, the fixed lot-size is used.

17.RISK_PERCENT – The risk percent per trade used to calculate the lot-size if Money Management is enabled.

18.LOT_SIZE – The fixed lot-size for each trade when Money Management feature is disabled.

19.SLIPPAGE – The maximum allowed slippage for each trade in points.

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.