ADX Pro Forex trend Following Strategy

0
1001

ADX Pro Forex trend Following Strategy

This system uses moving average indicators and price actions. Other indicaors were added to help hedge the trading by showing reversal trend or breakout. It works on any pair and timeframe but focused more on EURUSD. On 15 minute timeframe.

Chart Setup:

  • 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+ is greater than 20 AND ADX DI+ is greater than ADX DI-

Short Entry:

  • Price is coming down from above EMA9.
  • Candle Closes below EMA9.
  • ADX DI- is greater than 20 AND ADX DI- is greater than 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+

Recommended MT4 Broker

XM Broker

  • Free $50 To Start Trading Instantly! (Withdraw-able Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year
  • Exclusive 50% Cash Rebates for all Trades!

50 Rebate

>> Sign Up for XM Broker Account here with Exclusive 50% Cash Rebates For All Future Trades [Use This Special Invitation Link]  <<

Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: 𝟕𝐖𝟑𝐉𝐐


Click here below to download:

Save

Save



Get Download Access

Get Smarter About Forex Trading Using Indicators

Join 100,000+ subscribers and get our 5 min daily newsletter on what matters in forex.

We do not sell or share your information with anyone.

LEAVE A REPLY

Please enter your comment!
Please enter your name here