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  1. #1
    OmSaiTech is offline Member
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    Aug 2015
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    Default Multi Pair Closer Auto Trader VertexFX Trading Terminal

    Multi Pair Closer Auto Trader is a powerful VertexFX client-side auto trader that monitors the net profit of a currency basket and closes orders when specified profit and maximum loss occurs. This Auto Trader is useful in any trading strategy that involves taking trades in multiple currency pairs simultaneously and exit all of them once when the total profit reaches to profit or loss as per particular predefined amount.

    The basic idea behind the Multi Pair Closer auto trader is to keep tracking all the open positions for the number of currency pairs which are set in input parameter WatchedPairs which is also known as Currency Basket. For example, if the WatchedPair input parameter set with three currency pairs i.e. EUR/USD, AUD/JPY, GBP/USD then the auto trader will only monitor the trades opened in these three currencies pairs and will not consider any other open positions from other pairs. When the total profit of all these considered open positions from Currency Basket pairs reaches the profit amount set in the ProfitTarget parameter, the auto trader will close all the open positions for Currency Basket pairs. Similarly, when the total loss of all open positions from Currency Basket pairs reaches the max loss amount set in the MaxLoss parameter, the auto trader will close all the open positions for Currency Basket pairs.

    The Auto Trader also has a provision to set the minimum age for an order to be closed by the auto trader through an input parameter MinAge, for example, if the MinAge parameter is set to 60 Sec the Multi Pair Closer will ensure that each order will not be closed for next 60 seconds from the order execution time. After 60 seconds the Multi Pair Closer will keep monitoring the orders and close them either by booking preset profit or loss.
    Once the ea is attached on any open chart in the trading terminal, it starts monitoring all the open trades for all the currency pair set in WhatchedPairs parameter and wait till the time specified in MinAge parameters and then execute the order closing mechanism when the predefined Profit or Loss parameters value achieved.

    Please make a note that this auto trader does not follow any trend or open any order on its own but to give a well-planned trade exit mechanism for all the pre-opened positions.
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  2. #2
    OmSaiTech is offline Member
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    Default Eugene VertexFX client-side Auto Trader

    Eugene is an innovative VertexFX client-side Auto Trader based on high probability candlestick patterns.

    Eugene Auto Trader employs the concepts of consecutive inside bars to identify high probability entries. An inside bar is a candle whose range lies within the previous candle. The high of the inside candle lies below the high of its previous candle, and the low of the inside candle lies above the low of its previous candle.

    In the first step, we identify an inside candle. If the candle is bearish it is termed as black inside the candle, and if it is bullish it is termed as a white inside candle. If the candle preceding the white inside candle is a bullish candle we have a ‘white bird’ trade setup. Likewise, if the candle preceding the black inside candle is a bearish candle we have a ‘blackbird’ trade setup.

    Once either a ‘whitebird’ or ‘blackbird’ setup has been identified, we calculate the buy and sell trigger levels respectively. For the ‘whitebird’ setup, the buy level is calculated by subtracting 1/3rd of the open-close range from its close. For the ‘blackbird’ setup, the buy level is calculated by subtracting 1/3rd of the close-low range from its close.

    White Bird Buy Level = Close – (Close – Open) / 3
    Black Bird Buy Level = Close – (Close – Low) / 3

    Similarly, we calculate the sell levels. The ‘whitebird’ sell level is calculated by adding 1/3rd of the high-close rate to its close. For the ‘blackbird’ sell level, 1/3rd of the open-close range is added to its close.

    White Bird Sell Level = Close + (High – Close) / 3
    Black Bird Sell Level = Close + (Open –Close) / 3


    The Auto Trader then tracks whether the buy or sell level is triggered on a tick-by-tick basis. Once either the buy or sell level is triggered, the Auto Trader places a market order in that direction and then actively tracks that order for profit target and stop-loss. There can be only one open position at a given time. Consecutive inside bars exhibit a high probability of narrowing the trading range and then bouncing in the opposite direction. After bullish inside bar (whitebird), we typically see a bearish candle and then the price bounces off in the upward direction. Likewise, after a bearish inside bar (blackbird) is formed, we tend to see a bullish candle, followed by a downward fall.
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  3. #3
    OmSaiTech is offline Member
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    Default Genie RSI Auto Trader

    Genie RSI Auto Trader is an innovative VertexFX client-side Auto Trader that uses the Relative Strength Index to identify trend reversals.

    Relative Strength Index (RSI) is a powerful oscillator to identify the beginning and reversal of trends. The Genie RSI auto trader employs the RSI to identify the end of a trend (trend reversal) to enter in the opposite direction of the current trend. Furthermore, it employs a unique money management technique to determine the lot-size of subsequent positions thereby controlling risk in case of adverse price movements.

    In the first step, we use the median price (average of High and Low) to calculate the Relative Strength Index over the user input GPeriod. The median price is used instead of close price to calculate the RSI because it reflects the broad market sentiment.
    If the Relative Strength Index is above 80 then a SELL market order is placed, whereas a BUY market order is placed if the RSI is below 20. The initial lot size is set to the specified user input of Lots. When the next position in the same direction is added (while the previous one is open), the new lot size is calculated using the DecreaseFactoruser input. The BUY and SELL orders are tracked independently, but the overall profit or loss of the strategy is used in the calculation of subsequent lot-sizes.

    The concept behind the Genie RSI auto trader is that when RSI reaches the extreme levels, namely below 20 and above 80, the price will reverse sooner or later. The intention is to capture this price reversal early on, or otherwise use averaging with conservative money management to achieve profits. By using the DecreaseFactor, the risk of higher losses is reduced in case of adverse price movements. Because trades are added when the previous position is in loss, the probability of closing subsequent trades quickly and profitably is higher.

    A trailing stop is employed using the TrailingStop input parameter. The trailing stop is applied to each individual position and not to the aggregated position. This ensures that in case of adverse price movements, subsequent trades are closed quickly at profit, and the auto trader is again ready to re-enter new positions. The TakeProfit input is used to close each position separately when the specified profit target is reached.
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