Forex Super ADX Trend Following Strategy
Forex Super ADX Trend Following Strategy:
Direction Movement Index with MA Trading System is an trend following strategy based on the trend indicators and this strategy is for all the platforms for trading.
Time frame 15 min
Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF.
Directional Movement Index (D+ D-, 14 periods),
5 Weight moving Average (close),
11 Simple moving Average (close),
Parabolic Sar (0.1 0.01)
Rules for Direction Movement Index with MA Trading System
5 WMA> 11 MA,
Sar below the candles,
ADX DI+ positive > (greater than) DI- negative (Yellow above RED).
5 WMA< 11 MA,
Sar above the candles,
ADX DI- negative > (greater than) DI+ positive (Red above Yellow).
Re enter if SAR signalled again in the older direction of the trend.
The crossover of the moving average determines the trend.
Exits and Stop
Parabolic SAR signal in opposite direction,
Profits are discretion for you (examples for profit: Pivot points levels, or predetermined profit target).
Initial stop loss at the previous swing.
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 Super ADX Trend Following Strategy?
- Download Forex Super ADX Trend Following 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 Super ADX Trend Following 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”.