This is a very simple system to use and is 100% mechanical. I came across this ADX indicator in another thread on FF. The signals look good and I would like to share with those who are interested in forward testing. Here are the rules:
-Long - open 2 positions at the end of a daily candle when you see an up arrow under the candle
-Short - open 2 postions at the end of a daily candle when you see a down arrow above the candle
-Close 1st position at the close of a daily candle when position is in profit
-Close 2nd postion when new signal is given for the opposite direction
This system doesn't use a stop loss or take profit. Attached is the indicator. I have it set to 4. I plan on trading every pair that is offered by IFBX. You can use your own money managment rules for determing position size. I will personal use the opposite signal for my stop and reverse.
EUR/USD
USD/JPY
GBP/USD
USD/CHF
USD/CAD
AUD/USD
NZD/USD
EUR/GBP
EUR/JPY
EUR/CHF
GBP/CHF
GBP/JPY
AUD/JPY
CHF/JPY
EUR/CAD
EUR/AUD
AUD/CAD
AUD/NZD
NZD/JPY
-Long - open 2 positions at the end of a daily candle when you see an up arrow under the candle
-Short - open 2 postions at the end of a daily candle when you see a down arrow above the candle
-Close 1st position at the close of a daily candle when position is in profit
-Close 2nd postion when new signal is given for the opposite direction
This system doesn't use a stop loss or take profit. Attached is the indicator. I have it set to 4. I plan on trading every pair that is offered by IFBX. You can use your own money managment rules for determing position size. I will personal use the opposite signal for my stop and reverse.
EUR/USD
USD/JPY
GBP/USD
USD/CHF
USD/CAD
AUD/USD
NZD/USD
EUR/GBP
EUR/JPY
EUR/CHF
GBP/CHF
GBP/JPY
AUD/JPY
CHF/JPY
EUR/CAD
EUR/AUD
AUD/CAD
AUD/NZD
NZD/JPY
Attached File(s)
ADXcrosses.mq4
3 KB
|
2,183 downloads