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vStore VTL Plugins Free ZS1 Forex Instrument

ZS1 Forex Instrument

The ZS1 Forex Instrument Expert Advisor is a mechanical VertexFX client-side script that employs Martingale mechanism within a zone to open and manage trades. Both BUY and SELL positions are opened by this Expert Advisor in a hedging mechanism to minimize risk and enhance profitability.

When the Expert Advisor starts, and there are no open positions, it immediately opens a BUY and a SELL order at market. The Expert Advisor divides the price into four market zones as follows:

1.Zone 0 – The initial zone when there are no open positions.

2.Zone 1 – This zone lies between the entry price of the initial open positions and a band of ORDER_SPACE points.

3.Zone 2 – This zone lies above Zone 1.

4.Zone 3 – This zone lies below Zone 1.

After the initial trades (both BUY and SELL) are placed, the Expert Advisor checks for conditions to add a Martingale position, and similarly for exit conditions.

When the price falls into Zone2 or Zone 3, the Expert Advisor opens a SELL trade, or a BUY trade respectively. Each trade is opened at a distance of ORDER_SPACE from its previous order.

It opens up to 12 orders in each direction in a Martingale series and the lot-sizes are increased proportionately in the following sequence of 3, 6, 12, 24, 48, 96, 192, 384, 768, 1536 and 3072. So, if the first lot-size is 0.1 lots, then the final (12th) lot-size will be 307.2 lots.

When the total profit of all the positions combined is greater than zero, then all the positions are closed.

Configurable Inputs

1.LOTS – The lot-size of each trade opened by this Expert Advisor.

2.ORDERS_SPACE– The distance between two orders in points.

3.PK– The multiplier that specifies the number of points per pip. For example for EUR/USD on a 5-digit broker, 1 pips is 10 points, hence this value will be set to 10.

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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13 October 2016
Attachment (Desktop)
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