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Forex ADX eurusd h1

  • Forex ADX Expert Advisor uses Directional Indicator (ADX), Moving Average and Stochastic signal indicators to open positions and Stochastic to close.
  • All indicators are manually customizable.
  • This EA has a protection function in that the EA is not allowed to open positions above a spread to be set.
  • Furthermore, you can set at what times the EA should only be active.
  • In addition, you can set the EA to close all positions below a certain equity. Stop Loss and Take Profit can also be set for each trade.
  • It is recommended to use accounts with five-digit quotes and moderate spread.


The Logic behind the EA

Open Long position at Bar Open when

  • Directional Indicator
    • DI+ line is lower than DI- line
  • Moving Average
    • Moving Average falls
  • Stochastic Signal
    • Stochastic line crosses the Signal line upward

Close a long position at Bar Open when

  • Stochastic
    • Stochastic is lower than the Level line
  • Hit Take Profit or Stop Loss

Open Short position at Bar Open when

  • Directional Indicator
    • DI+ line is higher than DI- line
  • Moving Average
    • Moving Average rises
  • Stochastic Signal
    • Stochastic line crosses the Signal line downward

Close a Short position at Bar Open when

  • Stochastic
    • Stochastic is higher than the Level line
  • Hit Take Profit or Stop Loss


Information

  • Use on several accounts is possible
  • Best result in EURUSD H1
  • Works with 4-5 digits brokers
  • Money management (Stop Loss, Take Profit, Maximum Spread, Minimum Equity) is adjustable
  • Trading times are adjustable
  • Best Timeframe: H1
  • Symbols: EURUSD
  • Minimum deposit: $500

Manual adjustment possibilities

  • Magic Number
  • Entry Lots
  • Minimum Equity to Stop the EA
  • Stop loss
  • Take profit
  • Maximum spread protection

Trading time

  • Sunday open time
  • Sunday close time
  • Monday-Thursday open time
  • Monday-Thursday close time
  • Friday open time
  • Friday close time
  • Ignore Sunday trading
  • Close trades after session close
  • Close trades at Friday close


Parameters

  • Magic Number - change magic number
  • Entry Lots - lot size
  • Use Minimum Equity - select if you want to use equity protection
  • Minimum Equity - stop opening new trades, close all trades and disable the EA when equity is below X amount
  • Stop Loss (pips) - stop loss value in pips
  • Take Profit (pips) - take profit value in pips
  • Use Spread Protection - select if you want to use maximum spread protection
  • Maximum Spread (points) - maximum allowed spread to open a position
  • Sunday Open - start trading time on Sunday. Enter time in seconds when the EA starts opening positions on Sundays.
  • Sunday Close - end trading time on Sunday. Enter time in seconds when the EA stops opening positions on Sundays.
  • Monday-Thursday Open - start trading time on Monday-Thursday. Enter time in seconds when the EA starts opening positions on Monday-Thursday
  • Monday-Thursday Close - end trading time on Monday-Thursday. Enter time in seconds when the EA stops opening positions between Monday-Thursday.
  • Friday Open - start trading time on Friday. Enter time in seconds when the EA starts opening positions on Friday.
  • Friday Close - end trading time on Friday. Enter time in seconds when the EA stops opening positions on Friday.
  • Ignore Sunday - select if the EA should trade on Sundays, true/false.
  • Close at session Close - close all positions after a session, true/false. Time you have setup before is used.
  • Close at friday Close - close all positions at the end of Friday session.


Indicators for opening a position

  • Directional Indicators
    • Period - period
  • Moving Average
    • Period - period
    • Shift - shift
  • Stochastic Signal
    • %K Period - %K period
    • %D Period - %D period
    • Slowing - slowing


Indicators for closing a position

  • Stochastic
    • %K Period - %K period
    • %D Period - %D period
    • Slowing - slowing
    • Level - level
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Version 1.1 - 2018.06.26
- some code improvements