What’s the best pair & time frame for this trading tool? I am really interested to use this tool.
Please take a look around, and feel free to .
the second simple system is Parabolic SAR
Indicators:
Parabolic SAR - Candlesticks Chart
Rules to Enter:
when the Parabolic SAR point appears down then enter buy with the next candle opening.
when it appears above then enter sell with the opening of the next candle.
Rules to close:
when you have a buy trade then use your stop loss at the last support and take profit = 1:1
at sell trades your take profit should be at the past resistance with a take profit = 1:1
Hint:
Never close the orders when you see an opposite signal to avoid the loss due to ranging market.
the second simple system is Parabolic SAR
Indicators:
Parabolic SAR - Candlesticks Chart
Rules to Enter:
when the Parabolic SAR point appears down then enter buy with the next candle opening.
when it appears above then enter sell with the opening of the next candle.
Rules to close:
when you have a buy trade then use your stop loss at the last support and take profit = 1:1
at sell trades your take profit should be at the past resistance with a take profit = 1:1
Hint:
Never close the orders when you see an opposite signal to avoid the loss due to ranging market.
Hello Traders
We have developed another server side expert adviser for VertexFx system.
The main idea behind this expert is correlation between different currency pairs.
We are calculating USD correlation index by using exponential moving average of five currency pairs, they are Euro US Dollar, GBP US Dollar, Australian Dollar US Dollar, US Dollar Japan’s Yen and US Dollar Switch Frank.
When this index moves upward from negative to positive, we consider that US dollar is gaining strength and so we go long on USD based pairs.
On the other hand when the index moves downward from positive to negative, it indicates that US dollar is losing strength and so we go short on USD based pairs.
As we are using US dollar as primary currency to calculate the index, this expert can be used only on USD based pair.
To download the please script visit : http://www.hybrid-solutions.com/plugins/client-vtl-plugins/free/vtl-usd-hunter.html
Thanks
Naeem Hasan
Super Trend is a powerful VertexFX client side VTL indicator using trend-following techniques. It provides excellent entries and exits in trending and cyclical markets. It is based on the Commodity Channel Index (CCI) indicator and hence is useful in detecting trending markets.
The indicator trails the price - in other words when the price is rising the indicator value is just below the price. On the contrary when the price is falling, the indicator value is just above the price - tracking it closely.
In the first step we calculate the CCI based on the CCI_PERIOD number of bars. The CCI can detect powerful trending markets, especially when the trend has just started.
When the CCI is above 0, it indicates a BUY signal, whereas when the CCI is below 0, it indicates a SELL signal.
When the CCI is above 0, the indicator value is GREEN and is equal to the low of the candle.
When the CCI is below 0, the indicator value is RED and is equal to the high of the candle.
BUY - Enter BUY position at close of candle when indicator color is green. Do no open position if candle has gap-up opening. Stop can be place at the nearest swing low during a BUY position.
SELL - Enter SELL position at close of candle when indicator color is red. Do not open position if candle has gap-down opening. Stop can be placed at the nearest swing high during a SELL position.
uice Levels indicator is a useful VertexFX client side VTL indicator for research and analysis of the trend strength and volatility.
It comprises of three components, the GREEN component which is good strength of the trend. The RED component which is bad (underperforming) trend strength and the YELLOW component which is the average trend strength.
When the standard deviation of the rate of change is above the THRESHOLD_LEVEL the Juice Level is green, implying the volatility is high and the trend strength.
NOTE - This indicator DOES NOT provide BUY / SELL signals.
BUY / SELL - Avoid taking trades when the Juice Level indicator is YELLOW or RED
The Hi Low Indicator is a client side VTL indicator which displays the Highest High and Lowest Low of the candles of the Hourly charts. It is basically used to trade X candle breakouts on hourly charts. It comprises of two horizontal lines - the upper GREEN line, which is the Highest High of the recent X candles, and the lower RED line which is the Lowest Low of the recent X candles.
BUY - Enter BUY when price closes above the upper GREEN line. Set stop below lower RED line.
SELL - Enter SELL when price closes below the lower RED line. Set stop above the upper GREEN line.
STLM (Slow Trend line Momentum Histogram) is a powerful VertexFX client side VTL indicator that gives excellent entry and exit signals based on trend following methodology. It is based on Digital Signal Processing method using digital signal co-efficient for smoothing the price and trend movements.
This indicator requires at least 92 bars since it applies the filter co-efficient to the most recent 92 bars.
The STLM is calculated as the difference between the up-trending filtered co-efficient of the recent 92 bars and the down-trending filtered co-efficient of the recent 92 bars. Each close is multiplied by a co-efficient and then sum of these recent 92 closes is added to derive the STLM.
When this difference is increasing the histogram color is GREEN, whereas when it is decreasing then the histogram color is RED.
The concept is that the sideways price movements cancel each other out, and only the core trend direction remains in the calculation. When the trend direction has an upward bias, down-trend signals are filtered out, and when the trend direction has a downward bias, the up-trend signals are filtered out.
BUY - Enter BUY position when indicator histogram color has turned GREEN from RED and is below zero. Do not open position if candle has gap-up opening. Stop loss can be placed at the nearest swing low.
SELL - Enter SELL position when indicator histogram color has turned RED from GREEN and is above zero. Do not open position if candle has gap-down opening. Stop loss can be placed at the nearest swing high.