Thread: Trend line Strategy - Vertex FX Expert Advisor

Trend line Strategy is a powerful VertexFX client-side auto-trading robot based upon the Instantaneous Trendline (ITrend) indicator. The ITrend indicator is used to detect beginning and end of trends with mininal lag. The ITrend indicator is considered to have a zero lag. It is considered better than the EMA as it has zero lag and responds faster to change in direction.
It compromises of two components - the ITrend indicator (BLUE) which is a zero-lag filter and the trigger (RED) which is the complementary cycle oscillator. The rationale for the leading trigger is that adding the two-candle momentum to the current value in a trend is predicting where the ITrend will be two candles from now.
BUY - Enter BUY when blue line crosses above red line. Exit BUY if price crosses below both red and blue lines.
SELL - Enter SELL when blue line crosses below the red line. Exit SELL if price crosses above both red and blue lines.

Inputs :
a) ALPHA - The smoothing constant used to calculate the Instantaneous Trendling indicator.
b) LOT_SIZE - The lot size of the trade.
c) TP_POINTS - The take profit in points.
d) SL_POINTS - The stop loss in points.
e) MAGIC - The unique identifier for trades generated by this robot.
f) POINT_DEFAULT - The point value of the current instrument.

Advanced Pro version of this EA is available in Vstore market.