We have converted a wonderfull EA Double Up for VertexFX. DoubleUp is a Server Side VTL Expert Advisor for VertexFX. The Expert DoubleUP based on two main components. i.e. MACD (Moving Average Convergence-Divergence) and CCI (Commodity Chanel Index). The EA automatically place an order when the market trend fulfills the predefined conditions of the EA & based on these conditions either buy or sell order is placed.
When starting Expert at server, it will start analyzing the current trend of market and keep checking for highest level & Lowest level values of the MACD and CCI. On the basis of these values the EA decides whether the buy order of set order to be placed.
When both MACD and CCI calculation values reaches lower levels EA will wait until the CCA reaches upper value level & will open a buy order.
When both MACD and CCI calculation values reaches upper levels EA will wait until the CCA reaches lower level & will open a sell order.
Double Up only places either a buy order or a sell order at a time.
The EA does not set take-profit (TP) and stop-loss (SL) setting for Buy or Sell orders.
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