Standard Deviation Trader – Client

Standard deviation trader is a VTL VertexFX client script that created 2 Standard Deviation lines when the script start.

Center Moving Average is also created at start for Take Profits Purposes.
Stop Loss is at the greatest standard deviation line.

Long trade will open when price is below signal standard deviation band but above SL deviation, reverse logic for short.

Take profit is set at the center moving average when trade is open.

Trades can be closed manually before reaching the center moving average if the trader is in profit and want to pocket some.

User Variables Values are defined in the sub main function starting at line 44 and they are:

• BandPeriod: Number of past bars to calculate standard deviation of price
• DeviationSignal: Value of standard deviation signal that will kick in the trades, default 2.0, can be 3.0, 1.5, 1.0, etc
• DeviationSL: Value of standard deviation where the stop loss will be placed.
• TrailValue: Initial Value to start trailing in pips.
• LotSize: Number of lots to trade.

Usage

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