Trend Follower Trader, 3 methods – Client

3 different methods for trend determination are used in this EA. If market is trending up, long trades will open, if market is trending down, short trades will come in.

Method 1: Stacked Moving Average:When Slow Moving average is below Medium Moving Average and Medium Moving Average is below Fast Moving Average a long trade is open. Order is closed when the aligment ends. Reverse logic for short sales.

Method 2: Momentum Oscilator:When the last 3 consecutive metrics of the oscilator are rising long trades are open, reverse for shorts. Long orders are closed when a momentum oscilator metric is below the last 2 of it. Reverse for short.

Method 3: Detrend Oscilator:Same logic as Momentum but using Detrend indicator.

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.