MAMA Strategy Pro is a VertexFX client-side auto-trading robot based on the MAMA (MESA of Adaptive Moving Averages) indicator. It is an adaptive moving average based indicator that provides excellent trading entries.

This indicator comprises of two components, the MAMA (BLUE line) and FAMA (RED line). The starting point of MAMA is the conventional EMA. The concept of MAMA is to relate the phase rate of change of the prices to the alpha (smoothing constant) of the EMA. The FAMA (Following Moving Average) is calculated by applying the MAMA to the MAMA itself. By using an alpha in FAMA that is half the value of the alpha in MAMA, the FAMA steps in synchronization with MAMA. This indicator is ideal in reducing whipsaws.

Inputs :
a) PERIOD : The default period for calculating the periods.
b) FAST_LIMIT : The fast smoothing limit.
c) SLOW_LIMIT : The slow smoothing limit.
d) LOT_SIZE – The lot size of the trade.
e) TP_POINTS – The take profit in points.
f) SL_POINTS – The stop loss in points.
g) MAGIC – The unique identifier for trades generated by this robot.
h) POINT_DEFAULT – The point value of the current instrument

Change the Input Parameters while attaching the vtl to chart.

Buy: Buy trade will be triggered when indicator line turns BLUE. Exit BUY trade when indicator line turns RED.

Sell: Sell trade will be triggered when indicator line turns RED. Exit SELL trade when indicator line turns BLUE.

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.

Purchase

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