stevehopwoodforex.com
https://www.stevehopwoodforex.com/phpBB3/
Print view

VTL Client Script: Daily Scalp
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3785
Page 1 of 1
Author:  ProgtorHAL [ Mon Aug 11, 2014 11:18 pm ]
Post subject:  VTL Client Script: Daily Scalp

Dear traders,
This is a client side script developed in Vertex Trading Language(VTL).
Daily Scalp is a simple but useful Expert Advisor based in the last two candles and valid for one day.
It manages a defined StopLoss, TakeProfit and Equity percentage (default is 5%) which define the amount of trade.
Also it closes a trade if it is older than one day.
Rules for entering the trade:
1) Number of bars should be at least 10
2) Account free margin should be greater than 1 lot
3) If there are no open trades, when the last close is lower than the previous close to this one, open a SELL position.
4) If there are no open trades, when the last close is greater than the previous close to this one, open a BUY position.

Hope you find it useful,
Thank you,
ProgtorHAL
All times are UTC Page 1 of 1