USER GUIDE - CAP ADX Trader EA

29 September 2019, 19:38
MEETALGO LLC
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USER GUIDE

CAP ADX Trader EA trades using the Average Directional Index (ADX) Indicator. It offers many customizable Average Directional Index (ADX) trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode.



CAP ADX Trading EA

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How ADX Setting Work

 


Free Version 






      ⚡⚡⚡ Do You Want ADX EA With More Advanced Strategy?  ⚡⚡⚡  

      This is strategy builder EA. It product has more then 34+ build in indicator that you can make more then 1 million combination strategy that boost you trading strategy with an incredible amount of functionality. So you can test your strategy easy way without knowledge of coding. MT4 Version here | MT5 Version here.

      • It has Breakout Strategy with more then 34 indicator 
      • Has Grid in Profit Side, in free version only have Grid in Loss side
      • Has some addition entry strategy 
      • Has exiting strategy, free version don't have exit strategy
      • Profit In Currency (For BothSide) - mean EA can close both buy and sell trade when all trade in profit
      • Loss In Currency (For BothSide)  -  mean EA can close both buy and sell trade when all trade in loss
      • Initial trade stop filter - like daily max trade, don't open trade in same candle etc.
      • Trade close filter - you can set day time zone so EA will close all trade in that time. 

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      ADX Work with two combination ADX Filter Type + ADX Entry Type. First you have to select ADX Filter Type 


      1. ADX Filter Type - You have to select when you have to trade On Trending Time or On Ranging Time

        • Trade On Trending Level - When ADX main line above ADX Trending Level that mean market now trending level
        • Trade On Ranging Level - When ADX main line below ADX Ranging Level that mean market now ranging level. 


       

      When you select ADX Filter Type = Trade On Trending Level that mean EA only open trade when market is trending level. 


      2. ADX Entry Type - After you select ADX Filter Type then you have to select how EA open Buy or Sell trade
        • D+ and D- Up & Down - When D+ level above D- level it is Buy signal and when D+ level below D- level it is Sell Signal.
        • D+ and D- Cross -  When D+ level cross over D- level it is Buy signal and when D+ level cross below D- level it is Sell Signal.
        • No Entry Signal - No Entry select. If you select this EA open buy and sell trade base on only ADX Filter Type.




      Others Common Functions Glossary

      Please read our common input parameters that use our several product -  

      https://meetalgo.com/docs/functions/





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