Thread: GANDALF PRO– Vertex FX Indicator Expert Advisor

The Gandalf_PRO is a client-side Expert Advisor script based on Exponential and Simple Moving average crossovers and smoothing. The Expert Advisor evaluates trades at open of each new candle.
If a trade is already opened by the Expert Advisor, no new trades will be placed till the existing trades are closed. In the first step we calculate the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) over the BUY_COUNT period to evaluate BUY trades, and over the SELL_COUNT period to evaluate SELL trades.
The value of the most recent closed SMA and EMA is used.
A smoothed moving average is calculated by using the SMA and EMA, and further smoothing using W_PRICE and W_TREND (for BUY trades), and M_PRICE and M_TREND (for SELL trades). These values are further smoothed over the recent closed BUY_TREND (or SELL_TREND) period. This is called the Gandalf_PRO moving average - which is the target.
If the current price (candle open price) is at least 15 pips below the GANDALF_PRO value, then a BUY trade is initiated. If the current price (candle open price) is alteast 15 pips above the GANDALF_PRO value, then a SELL trade is initiated.
The lot size is specified as per LOT_SIZE, and the stop-loss of the trade is specified by the BUY_STOPLOSS_POINTS and SELL_STOPLOSS_POINTS.