Adx pro system
Thanks, been looking for an ADX system and will give it a try
I am also in the row to test Adx pro system. I hope, its existing form help me to make some more profit.
ADX is also big decision help by trading Ichimoku system. I would start at ADX 25 not 20. Less trades but more secure.
Hermes
yes you can use on this way also....
hermes777:
ADX is also big decision help by trading Ichimoku system. I would start at ADX 25 not 20. Less trades but more secure. Hermes
ADX is also big decision help by trading Ichimoku system. I would start at ADX 25 not 20. Less trades but more secure. Hermes
Any body has used this,Please post your feed back.
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ADX PRO SYSTEM
The system started with just the Moving Average (MA) indicators and following price action. I added other indicators to help hedge my trading by showing me when a possible trend reversal or a breakout was going to occur. After much testing, I found success by keeping it simple. I paired up EMA with ADX.
The system works on any pair and time frame (TF) but for this submission, I have focused on EURUSD / M15. The M15 TF provided more trading opportunities than a longer TF. It was also less volatile than the shorter TFs.
The system uses EMA with a period of 9. I wanted a MA that would be more responsive to recent price action. The two directional indicators (DI+ & DI-) of ADX are used in conjunction with EMA to establish your Entry and Exit points.
Chart Setup
Chart: EURUSD
TF: 15 minute
Indicators: EMA9, ADX14, ATR14
Set a level of 20 on ADX14
Entry Rules
Long Entry:
Price is coming up from below EMA9. Candle Closes above EMA9
ADX DI+ > 20 AND ADX DI+ > ADX DI-
Short Entry:
Price is coming down from above EMA9. Candle Closes below EMA9
ADX DI- > 20 AND ADX DI- > ADX DI+
Exit Rules
Long Exit:
Candle Closes below EMA 9
-or-
ADX 14 DI+ < ADX 14 DI-
Short Exit:
Candle Closes above EMA 9
-or-
ADX 14 DI- < ADX 14 DI+
Stop Loss
Set your Stop Loss to the value of ATR14 at the time of the order placement.
Trailing Stop
If using a Trailing Stop, set it also to ATR14.
Take Profit
Set your Take Profit to 1.5 to 2 times ATR14.
Money Management
Risk = 2% of Free Margin
Download below template..
Happy Trading!