The Gandalf PRO is a client-side Expert Advisor script based on
Exponential and Simple Moving average crossovers and smoothing.
The Expert Advisor evaluates
trades at open of each new candle. If a trade is already opened by the Expert
Advisor, no new trades will be placed till the existing trades are closed. In
the first step we calculate the Simple Moving Average (SMA) and the Exponential
Moving Average (EMA) over the BUY COUNT period to evaluate BUY trades, and over
the SELL COUNT period to evaluate SELL trades.
The value of the most recent closed SMA and EMA is used. A smoothed
moving average is calculated by using the SMA and EMA, and further smoothing
using W PRICE and W TREND (for BUY trades), and M PRICE and M TREND (for SELL
trades).
These values are further smoothed over the recent closed BUY TREND (or
SELL TREND) period. This is called the Gandalf PRO moving average - which is
the target. If the current price (candle open price) is at least 15 pips below
the GANDALF PRO value, then a BUY trade is initiated.
If the current price (candle open price) is alteast 15 pips above the
GANDALF PRO value, then a SELL trade is initiated. The lot size is specified as
per LOT SIZE, and the stop-loss of the trade is specified by the BUY STOPLOSS
POINTS and SELL STOPLOSS POINTS.
To use The Gandalf PRO 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 The Gandalf PRO expert adviser you
can check this video: