I have created a OCO VTL Cliend script for vertex FX Terminal. One cancels other, OCO, is a set of 2 orders, a stop buy and a stop sell, and when one of these orders gets filled, the other order is cancelled automatically.
This kind of orders are useful to open trades at important news release, at major support resistance etc… The OCO expert adviser opens 2 orders, a stop buy and a stop sell, and when one order gets filled the other is cancelled. When a trade is opened, the EA applies stop loss and target and manages the trade. It has the capability to apply a trailing stop loss also.
I have converted the AA+ indicator to VertexFX client side VTL Script.
It is based on the alligator indicator. The AA+ indicator uses the alligator moving averages and price bars to find trend. It calculates the width between these moving averages and price bars, and quantifies the width. It then compares this value against a threshold level to identify trend reversals. The alligator moving averages are not plotted by AA+ indicator. However it plots a histogram for the quantified width between these moving averages, blue for uptrend and red for down trend. When the red histogram is above the threshold level, it is beginning of a down trend and when blue histogram is above threshold level, it is beginning of a new up trend.
I have converted the ATR Trailer Expert Adviser to VertexFX client side VTL Script.
ATR Trailer is a client side VTL Expert Adviser. The EA opens a position when the EA is started on VertexFX client terminal. It then applies a stop loss based on ATR and ATR multiplier (default 3).
The stop loss is calculated as (entry price - ATR * ATR multiplier). Then as the trade progress, the stop loss is trailed, subtracting ATR stop loss from the maximum favorable level the price has reached. This continues until the stop loss is hit. When stop loss is hit, the EA opens new trade in the opposite direction to the closed trade, and ATR trailing stop loss is applied until stop loss is hit.
I have converted the Advanced ADX Indicator to VertexFX client side VTL Script.
Advanced ADX Indicator is a VTL client side script that provides better visual representation on ADX indicator. In traditional ADX Indicator, ADX indicates the trend strength and plus directional index (+DI) and minus directional index (-DI) determines the trend direction.
When plus +DI is above -DI, trend direction is up and when -DI is above +DI, trend direction is down. The bottom pane in chart is normal ADX indicator. The dotted lines represent +DI and -DI and continuous green line represents ADX.
Advanced ADX indicator is plotted in the middle pane. ADX values are plotted as a histogram. When trend direction is up (+DI above -DI), the histogram color is green and when trend direction is down (-DI above +DI), histogram color is red. Thus green histogram represents up trend and red histogram represents down trend and trend strength is indicated by the histogram height. This provides an easy visualization and interpretation of ADX.
ADX period can be customized with the parameter “ADXPeriod” in VTL script. Default value is 14 but users can change it to arrive at better period values.
