About the ADX (Average Directional Movement Index)
The ADX Indicator (Average Directional Movement Index) was developed in 1978 by J. Welles Wilder and is a Moving Average based trend indicator. It is based on 3 lines: the ADX line, plusDI (+DI) and minusDI (-DI). It is included in Metatrader 4 and 5. The default setting is 14 for the ADX period.
Trade logic of this Expert Advisor
The ADX EA is a forex robot based on the ADX indicator. It includes 5 different entry strategies and in the Advanced and Pro version 3 additional exit strategies.
Setting / Recommendations
Currency Pair:
Equity:
Time-Frame:
Leverage: 500
Broker: Zero Spread/Fixed Spread/Raw Spread or ECN Broker: To Know More-Click
VPS: Let the EA work un-interrupted with VPS: Click Here
Entry Strategies
- ADX Breaks Over Level
trades if the ADX Main Line crosses above the Entry Level - ADX Breaks Under Level
trades if the ADX Main Line crosses below the Entry Level - +DI/-DI Breaks Over Level
trades if the +DI (-DI for short) crosses above the Entry Level - +DI/-DI Breaks Under Level
trades if the +DI (-DI for short) crosses below the Entry Level - +DI/-DI Crosses
trades if the +DI crosses the -DI from below (from above for short)
Entry Filters / Entry Settings
- For Breakout Strategies
- Entry Level
Set the Breakout Level. - Use +DI/-DI Trend Filter
Choose this filter to only open buy orders if the +DI is above the -DI (vice versa for short) - Min Price Difference Between +DI/-DI
Set the minimum price difference between the +DI and -DI Line in order to open a trade
- Entry Level
- For Cross Strategy
- Min Level Of Main Line
Define what the minimum price of the ADX Main line has to be, to open a trade - Main Line Sloping Upwards
Choose if you want the Main Line to be sloping upwards to open a trade - Confirm Cross On Breakout
Trades also the Breakouts after a cross
- Min Level Of Main Line
Exit Strategies (only Advanced & Pro versions)
- ADX Breaks Exit Level
Closes the trade if the Main Line crosses the Exit Level - +DI/-DI Breaks Exit Level
Closes the trade if the +DI Line crosses the Exit Level (-DI for short) - +DI/-DI Crosses
Closes the trade on a crossover of the +DI and -DI lines
Versions overview
| Functions | Basic | Advanced | Pro |
| 5 Entry Strategies | |||
| Entry Filters | |||
| Money Management | |||
| Trade on new Bar | |||
| Inverse Strategy | |||
| 3 Exit Strategies | |||
| Trailing Stop | |||
| Break Even | |||
| Spread Filter | |||
| MA Trend Filter | |||
| Martingale | |||
| Candle Trail | |||
| ATR Trail | |||
| Day/Time Filter | |||
| Reverse on Opposite Signal | |||
| Trade Direction |
Starter Bundle
The ADX EA (Average Directional Movement Index) is included in the EA Starter Bundle.
More about the ADX EA (Average Directional Movement Index)
- You can install the ADX EA (Average Directional Movement Index) on limitless demo and live accounts.
- Note that this Metatrader Expert Advisor does not draw any indicator on the chart.
- You do not understand all the functions? Take a look at our function glossary.
- This EA is not pre-optimized. Please read the article about optimization first.
- The license of every Expert Advisor you download is time limited, but you can re-download newer versions any time in your purchase history.
NOTE:
Get this amazing Forex Trading EA Robot ABSOLUTELY FREE from us. Please open a trading account with our Suggested Brokers and use a Forex VPS from our Recommended VPS Providers to automate your trade without hassles. You can Download the Forex EA FREE from Here: CLICK
DISCLAIMER: Please read carefully before you decide to Invest in Forex Market
- Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex market, there is no guarantee that our products will produce any favorable results. Before you purchase please read our RISK DISCLAIMER.
BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat into the future. Past performance shown and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods. Because of this we recommend that you test the EA on your own broker account using many variations of currencies, time frames and settings to make sure you experience favorable results in current market conditions before trading live accounts. - Forex Trading EA/Robot is just a piece of Programming to Sophisticate your trading but never guarantee your winning.
- Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown.
- Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.
- Before deciding to trade products you should carefully consider your objectives, financial situation, needs, and level of experience. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose.