Very Blondie System

VBS (Very Blondie System) is a range bound trading system implemented as a client side Expert Advisor VertexFX VTL script. The script determines the Highest High and Lowest Low over the recent PERIOD X bars. If the difference between the Highest High and the current Bid price is greater than LIMIT points, then a Buy trade is opened at market price. Similarly, if the difference between the current Ask price and Lowest Low is greater than LIMIT points, then a Sell trade is opened at market price. If the AMOUNT value is greater than zero, and the cumulative profit of all open positions is greater than AMOUNT, then all open positions are closed. If the LOCKDOWN value is greater than 0, and the trade is in profit of value greater than the LOCKDOWN value in points, the stop-loss is moved to break-even (entry price).

This Expert Advisor does not open trades if any trades or pending orders are already opened.

Inputs :

– PERIOD X: The period used to calculate the Highest High and Lowest Low.
– LIMIT: The distance between the Highest High (or Lowest Low) over the recent PERIOD X bars, and between the current Bid (or Ask) beyond which the trade is taken.
– LIMIT: The distance between the Highest High (or Lowest Low) over the recent PERIOD X bars, and between the current Bid (or Ask) beyond which the trade is taken.
– GRID: The grid distance between subsequent positions.
– AMOUNT: The profit amount at which all time all open positions are closed.
– LOCKDOWN: The number of points in profit when the stop-loss (if not set) is moved to entry price.
– LOT SIZE: The initial lot size of trades generated by this robot.
– MAGIC: The magic number to uniquely identify trades generated by this Expert Advisor script.

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.