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Move_Cross Expert Advisor for VertexFx Terminal
The Move_Cross is a powerful VertexFX client-side Expert Advisor that identifies and trades in cyclical as well as trending markets.
One of the advantages of this Expert Advisor is that it distinguishes both trending and cyclical markets and hence has a higher success rate since it knows when the market transitions from sideways to trending (and vice-versa) and protects profits appropriately.
The concept behind the Move_Cross Expert Advisor is using RAVI indicator (Rapid Adaptive Variance Indicator), in conjunction with break of the High and Low of the recent bars. It uses multiple time-frames, namely Daily, Hourly and 1-Minute.
The EA follow certain rules which are as follows
ENTRY rules for BUY or LONG positions
Rule No 1 BUY trades are disallowed before Monday 7 am.
Rule No 2 If a BUY position is already open, the rules for BUY entry are not checked.
Rule No 3 If a SELL position is already open and a BUY signal is generated, then the SELL position is closed first and then the BUY trade is opened.
Rule No 4 In the first step, we calculate the RAVI of 2 and 24 period Simple Moving Average (SMA) of the Open price on H1 period. If this value is less than zero, a Weightage of 10 is assigned.
Rule No 5 In the second step, if the High of the previous candle and two candles ago on the Hourly chart is greater than the current Bid plus 5 pips, then the Weightage is increased by 7.
Rule No 6 On the 1-minute chart, if the High of the candle is greater the current Bid plus 5 pips, then the Weightage is decreased by 50. This step is repeated for the recent 12 one-minute candles.
Rule No 7 If the Close of the previous 1-minute candle is greater than the current Bid plus 5 pips, then the Weightage is increased by 50.
Rule No 8 If the High of any of the recent fourteen Hourly bars is greater than current Bid plus 45 pips, then the Weightage is reduced by 50.
Rule No 9 Finally, if the Weightage is greater than 50, then a BUY signal is triggered.
ENTRY rules for SELL or SHORT Position
Rule No 1 SELL trades are disallowed before Monday 7 am.
Rule No 2 If a BUY position is already open and a SELL signal is generated, then the BUY position is closed first and then the SELL trade is opened.
Rule No 3 In the first step, we calculate the RAVI of 2 and 24 period Simple Moving Average (SMA) of the Open price on H1 period. If this value is greater than zero, a Weightage of 10 is assigned.
Rule No 4 In the second step, if the Low of the previous candle and two candles ago on the Hourly chart is lesser than the current Ask minus 5 pips, then the Weightage is increased by 7.
Rule No 5 On the 1-minute chart, if the Low of the candle is lesser the current Askminus 5 pips, then the Weightage is decreased by 50. This step is repeated for the recent 12 one-minute candles.
Rule No 6 If the Close of the previous 1-minute candle is lesser than the current Askminus 5 pips, then the Weightage is increased by 50.
Rule No 7 If the Low of any of the recent fourteen Hourly bars is lesser than current Ask minus 45 pips, then the Weightage is reduced by 50.
Rule No 8 Finally, if the Weightage is greater than 50, then a SELL signal is triggered.
EXIT CONDITIONS for the EA –
Condition No 1 A trade is closed when the stop-loss is hit if the parameter StopLoss is configured.
Condition No 2 A trade is closed when the take-profit is reached if the parameter TakeProfit is configured.
Condition No 3 A trade is closed when the trailing stop-loss is hit if the parameter UseTrailingStop is configured.
Condition No 4 An open BUY trade is closed if an opposite SELL signal is triggered. Likewise, an open SELL trade is closed if an opposite BUY signal is triggered.
The Move_Cross is a powerful VertexFX client-side Expert Advisor that identifies and trades in cyclical as well as trending markets.
One of the advantages of this Expert Advisor is that it distinguishes both trending and cyclical markets and hence has a higher success rate since it knows when the market transitions from sideways to trending (and vice-versa) and protects profits appropriately.
The concept behind the Move_Cross Expert Advisor is using RAVI indicator (Rapid Adaptive Variance Indicator), in conjunction with break of the High and Low of the recent bars. It uses multiple time-frames, namely Daily, Hourly and 1-Minute.
The EA follow certain rules which are as follows
ENTRY rules for BUY or LONG positions
Rule No 1 BUY trades are disallowed before Monday 7 am.
Rule No 2 If a BUY position is already open, the rules for BUY entry are not checked.
Rule No 3 If a SELL position is already open and a BUY signal is generated, then the SELL position is closed first and then the BUY trade is opened.
Rule No 4 In the first step, we calculate the RAVI of 2 and 24 period Simple Moving Average (SMA) of the Open price on H1 period. If this value is less than zero, a Weightage of 10 is assigned.
Rule No 5 In the second step, if the High of the previous candle and two candles ago on the Hourly chart is greater than the current Bid plus 5 pips, then the Weightage is increased by 7.
Rule No 6 On the 1-minute chart, if the High of the candle is greater the current Bid plus 5 pips, then the Weightage is decreased by 50. This step is repeated for the recent 12 one-minute candles.
Rule No 7 If the Close of the previous 1-minute candle is greater than the current Bid plus 5 pips, then the Weightage is increased by 50.
Rule No 8 If the High of any of the recent fourteen Hourly bars is greater than current Bid plus 45 pips, then the Weightage is reduced by 50.
Rule No 9 Finally, if the Weightage is greater than 50, then a BUY signal is triggered.
ENTRY rules for SELL or SHORT Position
Rule No 1 SELL trades are disallowed before Monday 7 am.
Rule No 2 If a BUY position is already open and a SELL signal is generated, then the BUY position is closed first and then the SELL trade is opened.
Rule No 3 In the first step, we calculate the RAVI of 2 and 24 period Simple Moving Average (SMA) of the Open price on H1 period. If this value is greater than zero, a Weightage of 10 is assigned.
Rule No 4 In the second step, if the Low of the previous candle and two candles ago on the Hourly chart is lesser than the current Ask minus 5 pips, then the Weightage is increased by 7.
Rule No 5 On the 1-minute chart, if the Low of the candle is lesser the current Askminus 5 pips, then the Weightage is decreased by 50. This step is repeated for the recent 12 one-minute candles.
Rule No 6 If the Close of the previous 1-minute candle is lesser than the current Askminus 5 pips, then the Weightage is increased by 50.
Rule No 7 If the Low of any of the recent fourteen Hourly bars is lesser than current Ask minus 45 pips, then the Weightage is reduced by 50.
Rule No 8 Finally, if the Weightage is greater than 50, then a SELL signal is triggered.
EXIT CONDITIONS for the EA –
Condition No 1 A trade is closed when the stop-loss is hit if the parameter StopLoss is configured.
Condition No 2 A trade is closed when the take-profit is reached if the parameter TakeProfit is configured.
Condition No 3 A trade is closed when the trailing stop-loss is hit if the parameter UseTrailingStop is configured.
Condition No 4 An open BUY trade is closed if an opposite SELL signal is triggered. Likewise, an open SELL trade is closed if an opposite BUY signal is triggered.
