e-TurboFX Pro

E-Turbo Fx is a simple trend following VertexFX VTL server side script that places continuation trades based on the market direction and strength. If a trade is already open, the script does not open any new trades till the existing trades are closed. The script calculates the number of up closes (Close above Open) and the number of down closes (Close below Open) over the last N candles. Additionally if the (absolute) range of Open and Close is greater than that of the absolute range of the previous Open and Close, then it is also counted in the calculations. If the number of up-closes is equal to N, and the absolute range is always increasing, then a BUY trade is generated.  On the contrary, if the number of down-closes is equal to N, and the absolute range is always increasing, then a Sell trade is generated.

Inputs :

N Specifies                        The number of bars over which to calculate the signals.
LOT SIZE                          The lot size of each trade.
STOPLOSS POINTS           The stop-loss in points of each position.
TAKEPROFIT POINTS        The take-profit in points of each position.
SLIPPAGE POINTS            The maximum allowed slippage in points.
MAGIC                               A unique number to identify trades generated by the script.
SYMBOL                           The symbol on which the script is traded.
POINT                               The value of a point of the specified symbol.
CHART PERIOD                The time-frame of the chart on which the robot is run.

The idea behind this script is that when the candle closes above its open consistently for the recent N bars, with increasing size of the candle body it is a sign of a BULLISH breakout and a LONG trade can be opened. Similarly, when the candle closes below its open consistently for the recent N bars, with increasing size of the candle body, it is a sign of a BEARISH breakout and a SHORT trade can be opened.

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.