CarlPlayer EA

This is an Expert Advisor for VTL client side which could be applied to any of the 4 major currency pairs, and usually using 1m to 5m timeframes.

Rules for entering the trade:

• Three to four consecutive candles to close either above (Long trade) or below (short trade) the 10 EMA. This candles must not touch the 10 EMA line.
• The sum of the candle bodies(not the wicks) of the previous 3 or 4 candles analized must be equal or bigger than 10 pips.Once these rules are met, a trade is triggered. Long if candles are above 10 EMA or Short if candles are below the 10 EMA.Features:- Two trades are generated. The first one is the smaller, a third of the total traded, and it takes profit at 10 pips. The second one (the other 2/3 of the total ammount) don’t have profit limit and uses a trailing stop of 10 pips until is stopped. – The initial Stop Loss is set 10 pips above or below the highest or lowest candle wick of the candles which triggered the trade.

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.