Idea Creator: Yuri.
MQL5 Code Author: Vladimir Karputov.
The VLT_TRADER system is a unique trading strategy that focuses on volatility compression. It triggers entry signals when the market forms the smallest candlestick over a specified number of bars.
Entry Signal Generation Rules
Here's how the entry signal is generated:
- As a new candlestick forms, the system counts the last Count candles bars to determine the smallest candlestick size (High - Low).
- If the first bar is identified as the smallest, the following orders are placed:
- A pending BuyStop order at the price of Bar 1 High + 10 points.
- A pending SellStop order at the price of Bar 1 Low + 10 points.
Before executing a new BuyStop order, any existing BuyStop orders are removed. The same applies to SellStop orders.
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