Forex Advanced ADX Trading Strategy
Forex Advanced ADX Trading Strategy;
This system trades on all pairs, and on all time frames (except 1M). The best time frame is 30M, 1H or 4H. Before you make the trades, always make sure you check if your trade is consistent with bigger market trend. For example, if you want to place a long trade on a 15M chart, make sure you check if the trend in 1H or 4H is UP, and so on. This system uses 3 indicators ADX, AO and Stochs Histogram. And the entry/exit rules are very simple as follows:
Long Entry :
Awesome Oscillator is GREEN
Stochastic Histogram oscillator is GREEN
ADX Oscillator is Green AND above the 15 line.
Short Entry:
Awesome Oscillator is RED
Stochastic Histogram is RED
ADX Indicator is RED AND above the 15 line.
Exits:
– Reverse signals appear. For example, if you enter a long trade, a reverse signal appears when 2 among 3 indicators turn red. And opposite for short trade.
– Price action. For example, you use support/resistance trendline, Fibonnaci levels etc;
– Profit Target;
-Trailing Stop.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Advanced ADX Trading Strategy?
- Download Forex Advanced ADX Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Advanced ADX Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
