HarryPlopper's Journey Into ADX Land

This thread will be used to record trades based on ADX/DMI.

Primarily trades will be on EUR/USD using 15 min timeframe at NEW York open. I will also look at GBP/USD, EUR/JPY and perhaps EUR/AUD.

Each trade will aim for 1:1 with either 10 or 15 pip take profit and stop loss. Risk will vbe no more than 3% per trade.

I've manually backtested a very profitable setup and now wish to forward test it.

reference for short setup

Example of a perfect long trade. Shame I wasn't home in time.

been waiting for a signal, testing out Frankfurt and London openings as well as New York. Just entered a short on GBP/USD.

Target hit. +15 pips.

Wasn't home to trade the NY open but looks like a bunch of profitable setups occured on EU, GU, USD/CHF and EJ.

scanning through some very old posts, lo and behold nuggets of advice. I knew years and years ago that I'd read somewhere that Merlin liked using ADX...


http://www.forexfactory.com/showthre...?p=970#post970

"...trading can make your life all you want it to be...no bastard boss telling you what to do...lots of $$$...time to spend with your family...time to hang out on the forum...time to spend doing the things you love, really love, to do.

id say thats worth dedicating a few thousand hours to, wouldnt you???

i assure you, this is all very possible (with all kinds of trading, especially forex). its all out there...there are no secrets...everything i learned i have from reading books. i havent come up with anything really innovative on my own. all i have done is follow the conventional wisdom illustrated in countless books on trading, and i have found some success just doing that.

as far as the ADX filter i used....

i am hesitant to say because i feel this simple filter is one of my most powerful. HOWEVER, today i am feeling a bit philanthropic (as i was a few weeks ago when i posted a similar system ) so here goes...

basicly i look for a low ADX, then i look to see that the ADX starts rising. the details are up to you to figure out. if you put some time into this little piece of advice you will not believe that you found it on a forum"
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Merlin

Short EU at 1.23181, tp 1.23031, sl 1.2333 + spread

Target hit +15 pips

Short USD/CHF at 0.96565 tp 0.96415 sl 0.96715 + 2 pips spread

Target hit +15 pips

EJ: short at 98.79 tp 98.64 sl 98.94 + spread

Target hit +15 pips

Short EJ at 98.559 tp 98.409, sl 98,709 + spread

How have things been going so far? Are you still using this system?

Great trades.

Dear Harry just followed you in GPB/JPY last trade. Amazing, really amazing. Many thanks for having opened your trades and let people learn and win. Many many thanks from Spain. Greetings!!!

It's been a while. I am seeking to have an EA created for this method to then forward test as a scalping strategy, perhaps 24hours a day, perhaps specific market hours smaller take profit.

EUR/USD possible trades earlier. Got my attention in ADX again

Nice trading, keep updating your thread. Good luck !

late getting in on this, took a while to hit target

AUD/USD - weekly, daily bearish