Full Damp is a
VertexFX server side VTL expert adviser. The EA runs on the server auto trading
irrespective of the fact the client terminal is started or not. The EA trades
price reversal after extreme price moves in chart. It uses the Bollinger Bands
and RSI indicator to open trades.
Extreme price move is
identified by the Bollinger bands, price above/below Bollinger bands third
standard deviation is taken as extreme price moves. Then it checks if the RSI
was in overbought or oversold level in any of the last 6 bars. These two
conditions identify an extreme price moves. Then when price closes within the
Bollinger band second standard deviation, price reversal after the extreme is
confirmed and position is opened.
Full Damp EA rules are:
• Buy - Price goes below the Bollinger band bottom third standard deviation and RSI is less than 30 in any one of the last six bars. (Signal Bar). Wait for price to close above Bollinger band bottom second standard deviation (Entry Bar). Buy on next bar open.
• Sell – Price goes above Bollinger band top third standard deviation and RSI is above 70 level in any one of the last six bars. (Signal Bar). Wait for price to close below Bollinger band top second standard deviation. (Entry Bar). Sell on next bar open.
• Exit – 1. Apply a stop loss at the highest high or lowest low from signal bar to entry bar.
2. Exit buy on next bar open if price goes above Bollinger band top second standard deviation. Opposite for sell position.
3. Exit half of the position on next bar open if price moves in favor equivalent to the risk (entry price – stop loss price).
4. Move stop loss to breakeven when partial profit booking is done The EA can be customized through the parameters.
Parameters are
located at the top of the script. Open the EA in VTL editor and parameter
values can be modified. The Bollinger band period, RSI period, position size,
chart period to trade, symbol to trade etc. are defined in the parameters.
To use Full Damp
expert advisor download it from here, then place it at VertexFX VTL
directory:
C:\ProgramData\VertexFX
Client Terminals\"Company name"\VTL10\Local VTL Files.
Then right click on the tree and select refresh or restart your client station and you will find it under VTL server scripts in your client terminal.
For more information
about the Full Damp expert adviser you can check this video: