Ehler’s Distance Coefficient Strategy is a powerful VertexFX client side auto-trading robot. It is based on the trend-following Ehlers Distance Coefficient indicator which provides precise BUY and SELL signals.
This indicator has a minimal lag, of approximately 3 bars, which is very useful in detecting start of trends.
In the first step we calculate the distance co-efficient - which is the sum of absolute difference between the current price and price MOM_PERIOD bars ago, calculated over the LOOKBACK period. This value is weighted once again over the recent MOM_PERIOD bars, to generate the Ehlers Distance Coefficient. It is similar to an EMA, but is faster with lesser lag and better response to change in trends.
BUY - Enter BUY trade when indicator color turns BLUE. Exit BUY when indicator color turns RED.
SELL - Enter SELL trade when indicator color turns RED. Exit SELL when indicator color turns BLUE.
Inputs :
a) MOM_PERIOD - The momentum period to calculate the distance co-efficient.
b) LOOKBACK - The lookback period to calculate the distance co-efficient.
c) LOT_SIZE - The lot size of the trade.
d) TP_POINTS - The take profit in points.
e) SL_POINTS - The stop loss in points.
f) MAGIC - The unique identifier for trades generated by this robot.
g) POINT_DEFAULT - The point value of the current instrument.
Advanced Pro version of this EA is available in Vstore market. Ehlers Distance Coefficient Strategy - Vertex FX Expert Advisor
Ehler’s Distance Coefficient Strategy is a powerful VertexFX client side auto-trading robot. It is based on the trend-following Ehlers Distance Coefficient indicator which provides precise BUY and SELL signals.
This indicator has a minimal lag, of approximately 3 bars, which is very useful in detecting start of trends.
In the first step we calculate the distance co-efficient - which is the sum of absolute difference between the current price and price MOM_PERIOD bars ago, calculated over the LOOKBACK period. This value is weighted once again over the recent MOM_PERIOD bars, to generate the Ehlers Distance Coefficient. It is similar to an EMA, but is faster with lesser lag and better response to change in trends.
BUY - Enter BUY trade when indicator color turns BLUE. Exit BUY when indicator color turns RED.
SELL - Enter SELL trade when indicator color turns RED. Exit SELL when indicator color turns BLUE.
Inputs :
a) MOM_PERIOD - The momentum period to calculate the distance co-efficient.
b) LOOKBACK - The lookback period to calculate the distance co-efficient.
c) LOT_SIZE - The lot size of the trade.
d) TP_POINTS - The take profit in points.
e) SL_POINTS - The stop loss in points.
f) MAGIC - The unique identifier for trades generated by this robot.
g) POINT_DEFAULT - The point value of the current instrument.
Advanced Pro version of this EA is available in Vstore market.
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15-04-2016, 07:00 AM #1
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