Move_Cross is a powerful VertexFX client-side Expert Advisor that identifies and trades in cyclical markets as well as trending markets. One of the advantages of this Expert Advisor is that it distinguishes both trending and cyclical markets and hence has a higher success rate since it knows when the market transitions from sideways to trending (and vice-versa) and protects profits appropriately.

The concept behind the Move_Cross Expert Advisor is using RAVI indicator (Rapid Adaptive Variance Indicator), in conjunction with break of the High and Low of the recent bars. It uses multiple time-frames, namely Daily, Hourly and 1-Minute.

ENTRY RULES for BUY (LONG) Trades
• BUY trades are disallowed before Monday 7 am.
• If a BUY position is already open, the rules for BUY entry are not checked.
• If a SELL position is already open and a BUY signal is generated, then the SELL position is closed first and then the BUY trade is opened.
• In the first step, we calculate the RAVI of 2 and 24 period Simple Moving Average (SMA) of the Open price on H1 period. If this value is less than zero, a Weightage of 10 is assigned.
• In the second step, if the High of the previous candle and two candles ago on the Hourly chart is greater than the current Bid plus 5 pips, then the Weightage is increased by 7.
• On the 1-minute chart, if the High of the candle is greater the current Bid plus 5 pips, then the Weightage is decreased by 50. This step is repeated for the recent 12 one-minute candles.
• If the Close of the previous 1-minute candle is greater than the current Bid plus 5 pips, then the Weightage is increased by 50.
• If the High of any of the recent fourteen Hourly bars is greater than current Bid plus 45 pips, then the Weightage is reduced by 50.
• Finally, if the Weightage is greater than 50, then a BUY signal is triggered.

ENTRY RUES for SELL (SHORT) Trades
• SELL trades are disallowed before Monday 7 am.
• If a BUY position is already open and a SELL signal is generated, then the BUY position is closed first and then the SELL trade is opened.
• In the first step, we calculate the RAVI of 2 and 24 period Simple Moving Average (SMA) of the Open price on H1 period. If this value is greater than zero, a Weightage of 10 is assigned.
• In the second step, if the Low of the previous candle and two candles ago on the Hourly chart is lesser than the current Ask minus 5 pips, then the Weightage is increased by 7.
• On the 1-minute chart, if the Low of the candle is lesser the current Ask minus 5 pips, then the Weightage is decreased by 50. This step is repeated for the recent 12 one-minute candles.
• If the Close of the previous 1-minute candle is lesser than the current Ask minus 5 pips, then the Weightage is increased by 50.
• If the Low of any of the recent fourteen Hourly bars is lesser than current Ask minus 45 pips, then the Weightage is reduced by 50.
• Finally, if the Weightage is greater than 50, then a SELL signal is triggered.

TRADE EXIT CONDITIONS –
• A trade is closed when the stop-loss is hit if the parameter StopLoss is configured.
• A trade is closed when the take-profit is reached if the parameter TakeProfit is configured.
• A trade is closed when the trailing stop-loss is hit if the parameter UseTrailingStop is configured.
• An open BUY trade is closed if an opposite SELL signal is triggered. Likewise, an open SELL trade is closed if an opposite BUY signal is triggered.

Configurable Inputs
1. MoneyManagement– Specifies whether money management rules should be enabled or not. If TRUE then the lot-size of each trade is calculated based on TradeSizePercent and StopLoss. If set to FALSE, then the lot-size specified in Lots is used.
2. UseTrailingStop– Specifies whether trailing stop should be used or not.
3. TradeSizePercent –Specifies the maximum risk per trade based on which the lot-size is calculatedif MoneyManagement is set to TRUE.
4. Lots –Specifies the lot-size of each trade if MoneyManagementis set to FALSE.
5. MaxLots –The maximum number of lots that can be opened by this Expert Advisor.
6. StopLoss – The stop-loss of each trade opened by the Expert Advisor in points.
7. TakeProfit – The profit target of each trade opened by the Expert Advisor in points.
8. MarginCuttoff –The Expert Advisor will stop trading if the equity drops below this amount.
9. 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.