RSI Breakout Strategy

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Developed By: YourTradingSystems

In stock

RSI Breakout is a VTL client script that will open buy market order when current value is less than Level Down value and sell market order if current value is greater than LevelUp Close the desired ticket based on its profit or loss.

(Downloads - 1438)

SKU: 180 Categories: ,

Description

RSI Breakout is a VTL client script that will open buy market order when current value is less than Level Down value and sell market order if current value is greater than LevelUp 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 RelativeStrengthIndex, default value is 14

5-rsiLevelUp: Level Up, default value is 60 6-rsiLevelDown: Level Down, default value is 40

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.

Additional information

Plugin-Type

Client VTL – Expert Advisor

Compatibility

Main Menu