Thread: CASINO – Vertex FX Indicator Expert Advisor

Casino is a simple trend reversal server side script that places reversal trade based on the daily High and Low prices. If a trade is already open, the script does not open any new trades till the existing trades are closed.


The script calculates the High of the previous day (Daily chart) and the sell threshold level - which is X1_POINTS above the previous day High. If the previous candle on the chart time-frame opened below this sell threshold, but closed above this sell threshold level, then it places a SELL trade.
For a BUY trade, the script calculates the Low of the previous day (from Daily chart) and the buy threshold level - which is X2_POINTS below the previous day Low. If the previous candle on the chart time-frame opened above this buy threshold, but closed below this buy threshold, then it places a BUY trade.

The idea behind this script is that the Daily Highs and Lows can form strong support and resistance levels, and there is a strong possiblity of price reversal at these levels.

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