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The M A V A Xonax Expert Advisor is an innovative VertexFX client side script based upon Exponential Moving Average crossover of two price-series, namely the OPEN and CLOSE prices.
The idea behind the M A V A Xonax Expert Advisor is that in bullish markets, the closing prices are above the opening prices, and similarly in bearish markets the closing prices are below the opening markets.
Whenever this pattern changes, the market will change direction from bullish to bearish or vice-versa.
This idea is incorporated in this Expert Advisor. It uses two data series, namely the Exponential Moving Average (EMA) of the OPEN prices, and the Exponential Moving Average of the CLOSE prices.
This Expert Advisor provides the flexibility of trading on a different time-frame than that of the current chart by using the appropriate value of the TIME_FRAME parameter.
BUY RULE for the Expert Advisor
A BUY trade is opened at the close of the candle when the EMA of the CLOSE price series crosses above the EMA of the OPEN price series. This crossover is an important signal that implies the market has turned bullish from bearish or neutral mode.
SELL RULE For Expert Advisor
A SELL trade is opened at the close of the candle when the EMA of the CLOSE price series crosses below the EMA of the OPEN price series. This crossover is an important signal that implies the market has turned bullish from bearish or neutral mode.
EXIT RULE –
The Expert Advisor uses a stop-loss of 40 pips, and a take-profit target of 60 pips. The BUY and SELL trades can co-exist at the same time, and are managed independently by the Expert Advisor.
The idea behind the M A V A Xonax Expert Advisor is that in bullish markets, the closing prices are above the opening prices, and similarly in bearish markets the closing prices are below the opening markets.
Whenever this pattern changes, the market will change direction from bullish to bearish or vice-versa.
This idea is incorporated in this Expert Advisor. It uses two data series, namely the Exponential Moving Average (EMA) of the OPEN prices, and the Exponential Moving Average of the CLOSE prices.
This Expert Advisor provides the flexibility of trading on a different time-frame than that of the current chart by using the appropriate value of the TIME_FRAME parameter.
BUY RULE for the Expert Advisor
A BUY trade is opened at the close of the candle when the EMA of the CLOSE price series crosses above the EMA of the OPEN price series. This crossover is an important signal that implies the market has turned bullish from bearish or neutral mode.
SELL RULE For Expert Advisor
A SELL trade is opened at the close of the candle when the EMA of the CLOSE price series crosses below the EMA of the OPEN price series. This crossover is an important signal that implies the market has turned bullish from bearish or neutral mode.
EXIT RULE –
The Expert Advisor uses a stop-loss of 40 pips, and a take-profit target of 60 pips. The BUY and SELL trades can co-exist at the same time, and are managed independently by the Expert Advisor.
