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OST MACD

The OST MACD Expert Advisor is a VertexFX client-side script that places trades based on the Moving Average Convergence Divergence (MACD) indicator and the trading range breakout mechanism.

OCT MACD Expert Advisor uses the concept of MACD indicator and a breakout of the recent Highest High or Lowest Low in the direction of the MACD to determine the trade entries. When the price breaks out above the recent Highest High it is a strong indicator of a new bullish uptrend.

By using the bullish confirmation of the MACD indicator the Expert Advisor ensures that the BUY trade has a very high probability of success. Similarly, when the price breaks out below the recent Lowest Low it is a strong indicator of a new bearish downtrend. By using the bearish confirmation of the MACD indicator, the Expert Advisor ensures that the SELL trade has a very high probability of success. The Expert Advisor opens a BUY trade when the price has crossed above the Highest High of the recent BREAKOUT_PERIOD, and the MACD Main indicator value is above the MACD Signal value. If a BUY trade is already open, then the new BUY signal is ignored, whereas if a SELL trade is already open, it is closed and a new SELL trade is opened. OCT MACD Expert Advisor closes the BUY trade if the stop-loss is hit, or if the MACD Main value closes below the MACD Signal value. Likewise, the Expert Advisor opens a SELL trade when the price has crossed below the Lowest Low of the recent BREAKOUT_PERIOD, and the MACD Main indicator value is below the MACD Signal value. If a SELL trade is already open, then the new SELL signal is ignored. If a BUY trade is already open, it is closed and a new SELL trade is opened. The Expert Advisor closes the SELL trade if the stop-loss is hit, or if the MACD Main value closes above the MACD Signal value.

The initial stop-loss is set to the Average True Range calculated over the ATR_PERIOD and multiplied by the ATR_MULTIPLIER. When a position reaches profit which is equal to the initial stop-loss, the Expert Advisor moves the stop-loss to the entry price if BE_ENABLED is set to TRUE. Likewise, if PARTIAL_CLOSE_ENABLED is set to TRUE, it closes half of the position upon reaching this profit milestone. The Expert Advisor does not use a profit target for the open positions. The open positions are closed by the initial-stop, the trailing stop or based on the MACD exit rules. By not using a fixed profit target, the Expert Advisor capitalizes on generating huge profits when the trend is very strong and continues for a long time.

Configurable Inputs
1. BREAKOUT_PERIOD – The number of candles over which the breakout range of Highest High and Lowest Low is calculated.
2. MACD_FAST_EMA – The faster period of the EMA of the MACD indicator used by the Expert Advisor
3. MACD_SLOW_EMA – The slower period of the EMA of the MACD indicator used by the Expert Advisor.
4. MACD_SIGNAL_PERIOD – The signal period of the MACD indicator used by the Expert Advisor.
5. ATR_PERIOD – The period of the Average True Range indicator used to calculate the initial and trailing stop-loss.
6. ATR_MULTIPLIER – The multiplier applied to the Average True Range to derive the initial and trailing stop-loss.
7. MONEY_MANAGEMENT – Specifies whether to use fixed lot-size or to calculate the lot size based on the Account Balance and the risk per trade. If this value is TRUE, the lot-size is calculated based on the RISK_PERCENT. If this value is FALSE, the lot-size is set to the fixed LOT_SIZE value.
8. RISK_PERCENT – The maximum allowed risk per trade in percentage of the Account Balance to be risked on each trade. This input is used only if MONEY_MANAGEMENT is set to TRUE.
9. LOT_SIZE – The fixed lot-size to be used if MONEY_MANAGEMENT is set to FALSE.
10. PARTIAL_CLOSE_ENABLED – Specifies whether partial close of profitable positions is enabled.
11. BE_ENABLED – Specifies whether breakeven stop is enabled.
12. SLIPPAGE – The maximum allowed slippage in points.

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.

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Rating
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On
14 October 2016
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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.

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