BollingerBands Breakout Strategy

Description

BollingerBandsBreakout is a VTL client script that will open buy market order when current ask value is greater than indicator “TOP” value and. And sell market order when current ask value is lower than indicator “BOTTOM” value. Close the desired ticket based on its profit or loss. You can define the parameters as follows:

1- TakeProfit: The Profit amount to close on, default value is 40

2- StopLoss: The Loss amount to close on, default value is 20

3- Lots: This parameter can be defined as well to close the position partially, default value is 1

4- ind1Period: Period of indicator BollingerBands, default value is 14

Usage

• Download the attachment.
• Copy it to your company VertexFX  Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Scripts
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.