Adx pro system

[forex4all]

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.

 

http://www.forex4all365.com/uploads/1/2/9/1/12915563/483131_orig.jpg

 

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..

 

DOWNLOAD

https://dl.dropbox.com/u/37716877/forex4all/Trading%20strategy/Adx%20Pro.rar

 

Happy Trading!

[juicyt]

Thanks for share, can you provide any stats to go with the system? Win loss %, average risk/reward, number of trades you see when looking at the charts.. the usual type of things.

 

jt