vStore header

vStore is your one-stop-shop for VertexFX plugins and apps. vStore categorizes the plugins/apps to make it easier for both front-end and back-end users to reach what they need

  • Choose from hundreds of VertexFX plugins/apps
  • VertexFX API toolkit to develop plugins/apps
  • Brand and sell your own plugins

Sign Up Now

Prophet

Prophet VTL Auto Trader is an innovative client-side VTL script that places trades based on market direction at specific trading session. It is based on range of the High and Low of the previous bar and two bars ago.

The concept behind this Auto Trader  is that when the weighted range of the previous bar and two bars ago is above a specific threshold a BUY or SELL signal is generated which indicates a breakout in the direction of the direction of the trade. By placing a tight stop-loss of a few pips, and trailing stop to trail profitable positions it maximizes its profits and minimizes losses. The Auto Trader evaluates entry and exit rules at close of each candle. 

ENTRY RULES –
1. All entry rules are evaluated at close of candle.
2. A trade can be opened only between 10am and 7pm. The Auto Trader does not open positions before 10am, or after 7pm.
3. If the calculated Weighted Quotient using x1, x2, x3 and x4 is greater than 0, and the time is between 10 am and 7pm, a BUY (LONG) trade is opened at market (Ask) price. The initial stop-loss is placed 'slb' points below the current Bid price. The Auto Trader can open a BUY (LONG) trade even if a BUY (LONG) trade is already open.
4. If the calculated Weighted Quotient using y1, y2, y3 and y4 is greater than 0, and the time is between 10am and 7pm, a SELL (SHORT) trade is opened at the market (Bid) price. The initial stop-loss is placed 'sls' points above the current Ask price. The Auto Trader can open a SELL (SHORT) trade even if a SELL (SHORT) trade is already open.
5.Multiple BUY (LONG) and SELL (SHORT) trades can exist. However, the Auto Trader can open at most one BUY (LONG) and one SELL (SHORT) trade on each candle.

EXIT RULES –
1. All exit and trailing stop-loss rules are evaluated at close of candle.
2. All open positions are closed after 7pm.
3. The initial stop-loss is set to slb points below the current Bid price for BUY (LONG) trades, and sls points above the current Ask price for SELL (SHORT) trades.
4 .A trailing stop of 2 x slb points is applied to BUY (LONG) trades, and 2 x sls points to SELL (SHORT) trades.

WEIGHTED QUOTIENT (BUY) FORMULA – The formula to calculate the Weighted Quotient for BUY trades is as follows: 

WQB = (x1 – 100) x ABS(High[1] – Low[2) + (x2 – 100) * ABS(High[3] – Low[2]) + (x3 – 100) x ABS(High[2] – Low[1]) + (x4 – 100) * ABS(High[2] – Low[3]) Condition: BUY (LONG) when WQB is greater than 0. WEIGHTED QUOTIENT (SELL) FORMULA – WQS = (y1 – 100) x ABS(High[1] – Low[2) + (y2 – 100) * ABS(High[3] – Low[2]) + (y3 – 100) x ABS(High[2] – Low[1]) + (y4 – 100) * ABS(High[2] – Low[3])

Configurable Inputs
1. daBUY – Specifies whether the Auto Trader can open and close BUY (LONG) trades. If this parameter is TRUE, the Auto Trader will open new BUY (LONG) trades, and close existing BUY (LONG) trades when the conditions are met. If this parameter is FALSE, trading of BUY (LONG) positions is disabled.
2. daSELL – Specifies whether the Auto Trader can open and close SELL (SHORT) trades. If this parameter is TRUE, the Auto Trader will open new SELL (SHORT) trades, and close existing SELL (SHORT) trades when the conditions are met. If this parameter is FALSE, trading of SELL (SHORT) positions is disabled.
3. x1 –The first weightage in percent applied to calculate BUY (LONG) trade signal.
4. x2 –The second weightage in percent applied to calculate BUY (LONG) trade signal.
5. x3 –The third weightage in percent applied to calculate BUY (LONG) trade signal.
6. x4 –The fourth weightage in percent applied to calculate BUY (LONG) trade signal.
7. slb – The distance in points below the current Bid price where the initial stop-loss of the BUY (LONG) trades will be placed.
8. y1 –The first weightage in percent applied to calculate SELL (SHORT) trade signal.
9. y2 –The second weightage in percent applied to calculate SELL (SHORT) trade signal.
10. y3 –The third weightage in percent applied to calculate SELL (SHORT) trade signal.
11. y4 –The fourth weightage in percent applied to calculate SELL (SHORT) trade signal.
12. sls– The distance in points above the current Ask price where the initial stop-loss of the SELL (SHORT) trades will be placed.

Usage

  • Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
  • Copy it to your company VertexFX Local VTL Files folder i.e. C:\ProgramData\VertexFX Client Terminals\"Company name"\VTL10\Local VTL Scripts
  • Restart your Client Terminal or Right Click on "Local VTL Scripts" Tree Node to find the script.

Rate this product
0 vote
Favoured:
0

Listings details

Image
Flat Monthly Fees
$0
Volume Monthly Fees
$0
Tech Support Fees
$0
Hits
3892
Rating
On
23 June 2016
Attachment (Desktop)
Compatibility

Share This!

youtube-right

Search Plugins

Try VertexFX

download-button

VertexFX Web Trader VertexFX eBroker Icon VertexFX Backoffice

Community Forum

Ask, Share, Engage

Enter Forum

Project Zone

A Trader or A Developer?

Enter the Project Zone

Latest Projects

Sponsored Ad

Double Inside Bar

Latest Plugins

PTL Perfect Trend Lines
PTL Perfect Trend Lines
Description: Perfect Trend Lines, PTL, is a short-term trend trading indicator. The lines showing the trend in this indicator are not ...
HedgeAverage
HedgeAverage
Description: Hedge Average is a powerful VTL Auto Trader for VertexFX trading system that employs a great hedging mechanism with two ...
Danca News
Danca News
Description: Danca News Auto Trader is a powerful VTL Auto Trader for VertexFX trading system that captures profits by using sudden m ...

Most Reviewed Plugins

VertexFX Bridge
VertexFX Bridge
Description: VertexFX Risk Management Bridge is a back end software used to connect your VertexFX system to another one for clearing an ...
VertexFX Margin Call
VertexFX Margin Call
Description: *We have reviewed our prices for the next two months. Take the opportunity and get our plugins in a very competative price ...
VertexFX News Trader 11
VertexFX News Trader 11
Description: Never miss out news trading opportunities again! VertexFX auto News Trader for VertexFX 11 is a unique trading plugin tha ...

Featured Plugins

STARC Bands
STARC Bands
Description: Stoller Average Range Bands – STARC Bands – is a VertexFX indicator used in trend trading where a range breakout is cons ...
Smoothed WPR
Smoothed WPR
Description: Smoothed WPR indicator is a powerful VertexFx indicator script that provides insights into the market trend and reversal ...
Ichimoku Alert
Ichimoku Alert
Description: Ichimoku Alert is based on the Ichimoku Cloud charts. This is a simplified VTL Alert based on price crossing the Kijun S ...

About Us

Established in 2002, Hybrid Solutions provides FOREX Online Trading Platform. Hybrid Solutions has adopted the latest technologies and international standards to develop its Online Trading Platform, VertexFX.

Read More

Contact us

uk16 UK: +44-2-071-936-008
australia16 Australia: +61-280-114-343
USA Flag USA: +1-845-657-3272
HongKong Flag HK: +852-8199-0933
Jordan Flag Jordan: +962-6-552-0822

Sales Chat on WhatsApp Sales Chat on WhatsApp

Send us Email

Join Our Mailing List

Expos & Awards

VertexFX Awards

Hybrid Photo Gallery

  

  

VertexFX Cloud

VertexFX Cloud

Search Plugins

Latest Tweet

This website and its content are copyrights of Hybrid Solutions - © Hybrid Solutions 2002 - 2019. All rights reserved.

Disclaimer: Hybrid Solutions is the VertexFX trading platform vendor, provides technology only for the financial institutes and does not have any intervention in any financial role or in the trading cycle. Hybrid Solutions clears its responsibility from any financial institute's behavior. Choose your broker wisely and seek independent advice if necessary.

اخلاء مسؤولية: هايبرد سوليوشنز هي الشركة المزودة لبرنامج (الفيرتكس اف اكس) للتداول الالكتروني ، تزود فقط التكنولوجيا اللازمة للوسطاء ولكنها لا تتدخل بأي شكل مهما كان في عمليات التداول أو بأي دور مالي. هايبرد سوليوشنز تخلي مسؤوليتها بشكل كامل عن تصرفات الوسطاء او كل ما من شأنه أن يسبب الخسارة للمتداول ، إختر وسيطك بتأني واطلب النصيحة من المختصين بالتداول عند الحاجة.

Close