Thread: E TURBO – Vertex FX Indicator Expert Advisor

e-TurboFx is a simple trend following server side script that places continuation trades based on the market direction and strength. If a trade is already open, the script does not open any new trades till the existing trades are closed.
The script calculates the number of up closes (Close above Open) and the number of down closes (Close below Open) over the last N candles. Additionally if the (absolute) range of Open and Close is greater than that of the absolute range of the previous Open and Close, then it is also counted in the calculations.
If the number of up-closes is equal to N, and the absolute range is always increasing, then a BUY trade is generated. On the contrary, if the number of down-closes is equal to N, and the absolute range is always increasing, then a SELL trade is generated.
The idea behind this script is that when the candle closes above its open consistently for the recent N bars, with increasing size of the candle body it is a sign of a BULLISH breakout and a LONG trade can be opened.
Similarly, when the candle closes below its open consistently for the recent N bars, with increasing size of the candle body, it is a sign of a BEARISH breakout and a SHORT trade can be opened.