WMA Scalper – Client

WMAScaler is a VTL VertexFX client script that will open trades when the prices are higher and lower than 2 Weighted moving averages of the last 3 bars are defined. Trades are open when price its higher and lower than this moving averages.

High prices of the last 3 bars are used for upper band and low prices of the last 3 bars for lower bands.

Volatility filter is defined as Current Bar High – Current Bar low. Volatility need greater than user defined value to open trades. Stop loss will be trailed after trades are TrailValue * forProfitsM in profit.

User Variables Values are defined in the sub main function starting at line 76 and they are:

• Stop Loss: Initial Stop Loss value in pips
• TakeProfit: Take profit value in pips.
• Volatility Entry: Volatility(current bar high – current bar low) in pips.
• TrailValue: Initial Value to start trailing in pips.
• LotSize: Number of lots to trade.
• forProfitsM: Profits multiplier(if lotsize=1, forProfitsM = 10, if lotsize=10, forProfitsM = 100)

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.