I see why it's a free publication, as a lot more could be done on the risk management side of things. But it's a good educational template for others who are interested in trading on the trend while also having a volatility based TP and SL.
This is a Good strategy. EMA pullback with an ADX trend strength filter is a good concept. Just need to be weary of fake breakouts...but if it is ran dextrously, it would do well.
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ADX Trend Pullback EA:
This Expert Advisor combines an ADX-based trend strength filter with an EMA pullback entry technique, using ATR for dynamic stop loss and take profit sizing. It is designed for trading a single symbol with one position open at a time.
Author: Duy Van Nguy