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STARTER – Vertex FX Indicator Expert Advisor
Starter is a powerful client side Expert Advisor script that is based on Laguerre indicator, Commodity Channel Index (CCI) and Exponential Moving Average (EMA). If the Laguerre value is 0, and the CCI value is below -5 and the value of the EMA (of Median price) is greater than the previous candle value of the EMA, then a BUY trade is initiated.
If the Laguerre value is 1, and the CCI value is above 5, and the value of the EMA (of Median price) is less than the previous candle value of the EMA, then a SELL trade is initiated.
If an open trade reaches a profit of TAKEPROFIT_POINTS points, then the trade is closed.
If a BUY trade is open, and the Laguerre value reaches 0.9 or above, then the BUY trade is closed. Likewise, if a SELL trade is open, and Laguerre falls to 0.9 or below, then the SELL trade is closed.