Forex Fraus for m1s

Forex Fraus for M1 Chart is a VertexFX VTL client-side Auto Trader based on the Williams %R indicator that identifies market reversals and trades based on these market reversals. The basic idea behind this indicator is that it opens a Buy trade when the Williams %R indicator is in oversold mode (greater than -99.9), and open a Sell trade when the Williams %R indicator is in overbought mode (less than -0.1).

At the close of each candle, this Forex fraus auto trader determines whether the Williams %R is overbought or oversold. If it is overbought, and an open SELL position does not already exist, it opens a sell trade. The stop-loss and take-profit is set to STPLOSS and TKPROFIT respectively parameters. If the Expert Advisor is configured for trailing-stop ( Parameter PROFITTRAILING = True), then a trailing-stop is applied using the Parameter TRAILINGSTOP and Parameter TRAILINGSTEP parameters respectively.

The Expert Advisor can be configured to trade during specific hours of the day (trading session), by setting Parameter TIME to TRUE, and configuring Parameter STARTIME and Parameter STOPTIME respectively. If Parameter ALLPOSITIONS is set to TRUE, the exit criteria using stop-loss, take-profit and trailing-stop is applied to open positions of all symbols and not just the current symbol. However, it should be noted that the entry rules apply to the current chart symbol only even if Parameter ALLPOSITIONS is set to TRUE.

Configurable Inputs
1. STPLOSS – The value of stop-loss for each trade opened by this Expert Advisor in points. If this value is set to zero (or less than zero), then stop-loss is ignored.
2. TKPROFIT –The value of take-profit for each trade opened by this Expert Advisor in points. If this value is set to zero (or less than zero), then take-profit is ignored.
3. ALLPOSITIONS –Specifies whether this Expert Advisor should track all open positions, including positions of other instruments. If this parameter is FALSE, then the Expert Advisor tracks only open positions matching the current chart symbol.
4. PROFITTRAILING – Specifies whether to apply trailing stop to open positions tracked by this Expert Advisor when profit. If set to TRUE, each open position is tracked by the TRAILINGSTOP and TRAILINGSTEP parameters. If set to FALSE, then the trailing stop feature is ignored.
5. TRAILINGSTOP –Specifies the distance in points by which the profit is trailed. For example, if this value is set to 100, then the profit is trailed by 100 points, and the stop-loss is moved to breakeven when the profit is 100 points.
6. TRAILINGSTEP – Specifies the distance in points by which the stop-loss is moved when the profit is trailing. For example if this value is set to 10, then the stop-loss is moved by 10 points when the profit increases every 10 points above the TRAILINGSTOP value.
7. USESOUND – Specifies whether to notify the user by sound alerts when the Expert Advisor generates new trades.
8. NAMESOUNDFILE – The name of the sound file to play when the sound alert is triggered.
9. TME – Specifies whether to restrict the trading duration of the Expert Advisor between STARTTIME and STOPTIME. If this value is set to 0, then the Expert Advisor trades continuously.
10. STARTTIME – The starting time of the Expert Advisor in hours. For example, if the value is set to 11, and TIME is set to 1, then the Expert Advisor starts trading from 11am onwards.
11. STOPTIME – The ending time of the Expert Advisor in hours. For example, if this value is set to 17, and TME is set to 1, then the Expert Advisor stops trading at 5 pm.
12. MN – The multiplier used to multiply the stop-loss (STPLOSS) and the take-profit (TKPROFIT).
13. MAGIC – The unique number used to identify trades generated by this Expert Advisor.
14. LOTS – The lot-size of each trade opened by this Expert Advisor.

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.