Today I want to publish a strategy in which an indicator for many is obviously used, but should be key to take a trading ..
To open an operation takes into account several variables, and I think the strength of the trend should be one of the most important, so I want to design a strategy that is working for me a while ago, on the basis of this principle.
I am among those who think to take a trading, it should be practical to make an analysis, not complicate with many variables, because in the end will not have a clear idea of what we want, with so many variables. What if it is necessary to cling to certain rules, to delve into the market.
Indicators: Advanced ADX (13), regulate ADX (13) and EMA 21 p.
Buy: When price crosses the EMA of 21 periods from the bottom up and the bar closes above the EMA.
Advanced ADX in green, normal ADX has a positive slope, beyond the level 20 and here is the key to the trade, as if the strength of the trend does not exceed the level of 20 or 25, it is almost certain that the price not move in the desired direction.
Sell: When the price crosses EMA 21 from top to bottom, ADX advanced red-sloping ADX ordinary level exceeding 20.
With graphics you will understand better.
Close: When advanced ADX, change color, and the slope of the normal ADX becomes negative. Or it can manage the trade with a trailing stop, ATR size.
This system works on all currency pairs, time frame in daily and weekly frame.
To open an operation takes into account several variables, and I think the strength of the trend should be one of the most important, so I want to design a strategy that is working for me a while ago, on the basis of this principle.
I am among those who think to take a trading, it should be practical to make an analysis, not complicate with many variables, because in the end will not have a clear idea of what we want, with so many variables. What if it is necessary to cling to certain rules, to delve into the market.
Indicators: Advanced ADX (13), regulate ADX (13) and EMA 21 p.
Buy: When price crosses the EMA of 21 periods from the bottom up and the bar closes above the EMA.
Advanced ADX in green, normal ADX has a positive slope, beyond the level 20 and here is the key to the trade, as if the strength of the trend does not exceed the level of 20 or 25, it is almost certain that the price not move in the desired direction.
Sell: When the price crosses EMA 21 from top to bottom, ADX advanced red-sloping ADX ordinary level exceeding 20.
With graphics you will understand better.
Close: When advanced ADX, change color, and the slope of the normal ADX becomes negative. Or it can manage the trade with a trailing stop, ATR size.
This system works on all currency pairs, time frame in daily and weekly frame.
Attached File(s)
Advanced_ADX.ex4
6 KB
|
580 downloads
|
Uploaded Aug 24, 2014 7:51pm
Advanced_ADX.mq4
2 KB
|
628 downloads
|
Uploaded Aug 24, 2014 7:51pm