Vortex Indicator System – EA MetaTrader 4

In the article “The Vortex Indicator” published in the January 2010 issue of Technical Analysis of Stocks & Commodities, the authors offer a Trading Idea in the form of a basic reversal system with an entry filter: the filter is to buy or sell only on a breakout of the high or low of the bar creating the Vortex Indicator crossover. When VI+ crosses above VI-, that is a Buy setup, but you would not enter the trade unless the market broke above the high of the bar creating the crossover. Similarly, when VI- crosses above VI+, that is a Sell setup, but you would not enter the trade unless the market broke below the low of the bar creating the crossover.

I have tested the code to be sure it works as I have intended, and does indeed seem to work. However, I do not present this Expert Advisor as one that will be profitable. It is presented only as a foundation for further exploration of the Vortex Indicator as a trading tool. My preliminary tests indicate that in its current form, it is NOT a profitable system.

DISCLAIMER: This Expert Advisor is provided as-is, and NO representation is made that this system will be profitable in real trading with real money. It is provided solely for educational purposes. Do not use it to trade your real money account with real money unless and until you have tested it and adapted it to suit your risk tolerance and trading style.

Important Note:

You must have the Vortex Indicator in your …experts\indicators directory for this Expert Advisor to work, as it uses the iCustom() function to pull the values of the Vortex Indicator.