ADXB - A trend following strategy EA | Forex Factory

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Attachments: ADXB - A trend following strategy EA
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ADXB - A trend following strategy EA

  • #1
  • First Post: Edited Jul 28, 2016 7:55am Jun 20, 2016 11:07am | Edited Jul 28, 2016 7:55am
Hi traders,

First things first: This is a strategy I'm trading manually live on Index CFD and JPY pairs, having quite interesting results, reason why i decided to put some code on

Edit: I do not work on this EA anymore as I am focusing on other projects, however you can find my source code down this post to do further improvements yourself. Do not hesitate to share.

Objective :
Catching noiseless trends and avoiding range/choppy markets

Means :
Using a mid-term ADX and its moving average (parameters of these two will depend on your own optimization, feel free to share yours)

Entries :
On ADX / ADXMA upward cross, i.e when a trend appears and accelerates

Direction :
Long if DI+ > DI-, Short if DI- > DI+

SL/TP/TS :
Custom blends of 2 ATR and an average HiLo

Alternative exit :
When the entry condition flips over (DI+ > DI- >> exit short; DI- > DI+ >> exit long)

I added an MA to MetaQuotes' ADX in order to come up with the custom indi ADX+ADXMA you'll find down this post, it was quite easy hence I'm sharing the MQL file
I will share the EA's code with those among you who're keen on coding and interested in improving the whole strategy, keeping it simple.

Instruments :
My forward test has shown that The following instruments and TF give the highest profit factors:
GBPJPY | USDJPY | AUDJPY | CADJPY | USDCAD | GBPUSD | UK Oil | Gold | Dax30 | S&P 500

Timeframes :
Commodities >> H4
Fx cross >> M30 to H1
Index >> H1 to H4

Enclosed:
- ScreenShot of the setup using the TPL you'll find below
- The template I use with the EA
- ADX+ADXMA indicator used by the EA
- ADX Bone, the EA (version beta 0.2)
Attached Image (click to enlarge)
Click to Enlarge Name: ADXBone_tpl.PNG Size: 56 KB
Attached File(s)
File Type: mq4 ADX+ADXMA.mq4   5 KB | 3,141 downloads
File Type: tpl ADXBone.tpl   1 KB | 2,067 downloads
File Type: ex4 ADX Bone 0.2.ex4   27 KB | 2,264 downloads
File Type: mq4 ADX Bone 0.2.mq4   86 KB | 2,247 downloads | Uploaded Jul 28, 2016 7:55am
You'll always miss 100% of the shots you don't take.
  • #2
  • Jun 20, 2016 11:22am Jun 20, 2016 11:22am
As I was writing this I entered the USDJPY => short at 6:00pm GMT+1
Attached Image (click to enlarge)
Click to Enlarge Name: ADXB.PNG Size: 49 KB
You'll always miss 100% of the shots you don't take.
  • #3
  • Jun 20, 2016 11:52am Jun 20, 2016 11:52am
subscribed ..........i love adx system,,,.... . how far your live results are.
stay cool when trade begins
  • #4
  • Jun 20, 2016 1:37pm Jun 20, 2016 1:37pm
I tested every angle on the ADX I could think of and I could not find a system that was consistently profitable. In the end I found that the ADX was not very good and finding trends, which is what it was purported to do. I am still curious though if it can work. Waiting to see how this works for you.
  • #5
  • Jun 20, 2016 2:07pm Jun 20, 2016 2:07pm
Could you plz guide that which file is the EA ????
  • #6
  • Jun 20, 2016 2:20pm Jun 20, 2016 2:20pm
read the first post, its the ADX bone 0.2 which is the EA

Quoting faisalahmad
Could you plz guide that which file is the EA ????
  • #7
  • Jun 20, 2016 2:22pm Jun 20, 2016 2:22pm
Edorenta many thanks for sharing the system and EA, please can you share any results?
  • #8
  • Jun 20, 2016 3:29pm Jun 20, 2016 3:29pm
Hey, thanks for sharing this. The base value of adx is 50 and adxma is 25 both at the indicator and EA. Should i change those to 40 as i can see in the first post?
  • #9
  • Jun 20, 2016 3:49pm Jun 20, 2016 3:49pm
Quoting sexysoros
I tested every angle on the ADX (...) Waiting to see how this works for you.
Hi there fellow! Well I don't think you can tell ADX is a useless indicator as it is used by so many amazing traders around the place.. Tell me more about your approaches? Stay tuned for the early bird results.

Quoting blamshakk
Edorenta many thanks for sharing the system and EA, please can you share any results?
I couldn't test and optimize enough, I'm actually lacking time! But if you guys have some good dataset or Tickstory feel free to start testing on the timeframes I spoke of

Quoting kirby
Hey, thanks for sharing this. The base value of adx is 50 and adxma is 25 both at the indicator and EA. Should i change those to 40 as i can see in the first post?
Good point here my lad, as far as I've traded this I can tell you that every pair has its very own sets as patterns are usually different between crosses. I'll give you the sets I'm using tomorrow at the desk, but please do some backtest, tweak the sets yourself and see what suits your style
You'll always miss 100% of the shots you don't take.
  • #10
  • Jun 21, 2016 12:33am Jun 21, 2016 12:33am
Quoting Edorenta
{quote} Hi there fellow! Well I don't think you can tell ADX is a useless indicator as it is used by so many amazing traders around the place.. Tell me more about your approaches? Stay tuned for the early bird results.
I do not think it is useless, and I didn't test every angle obviously. However I did run more backtests with it than I can remember. If I have time I will go back over my notes, I will also run the same kind of backtest on your EA. Looking forward to see how you do.
  • #11
  • Edited 4:02am Jun 21, 2016 3:21am | Edited 4:02am
Alright I've been running the 0.1 version (same entries) for 3 days on a demo account.
The exposure is quite high, I'm trading 0.1 lot per pos for FX, 1 lot for commodities and index CFDs, here are the results using the enclosed set files, I didn't run any real optimization though
Attached Image (click to enlarge)
Click to Enlarge Name: Demo1.png Size: 139 KB
Attached File(s)
File Type: zip ADXB Sets.zip   9 KB | 1,571 downloads
You'll always miss 100% of the shots you don't take.
  • #12
  • Jun 21, 2016 5:05am Jun 21, 2016 5:05am
which file is the EA actually?
  • #13
  • Jun 21, 2016 5:10am Jun 21, 2016 5:10am
Quoting keziahpie
which file is the EA actually?

Please read the first post.
ADX Bone 0.2 (.ex4)
You'll always miss 100% of the shots you don't take.
  • #14
  • Jun 21, 2016 5:24am Jun 21, 2016 5:24am
Edorenta that looks like a great start to say the very least. many thanks for uploading the settings as well. Will load these up on a demo next week after Brexit





Quoting Edorenta
Alright I've been running the 0.1 version (same entries) for 3 days on a demo account. The exposure is quite high, I'm trading 0.1 lot per pos for FX, 1 lot for commodities and index CFDs, here are the results using the enclosed set files, I didn't run any real optimization though {file} {image}
  • #15
  • Jun 21, 2016 5:46am Jun 21, 2016 5:46am
Quoting blamshakk
Will load these up on a demo next week after Brexit {quote}
Hopefully Bremain
You'll always miss 100% of the shots you don't take.
  • #16
  • Jun 21, 2016 6:14am Jun 21, 2016 6:14am
Quoting Edorenta
First things first: This is a strategy I'm trading manually live on Index CFD and JPY pairs, having quite interesting results, reason why i decided to put some code on Objective : Catching noiseless trends and avoiding range/choppy markets Means : Using a mid-term ADX and its moving average (parameters of these two will depend on your own optimization, feel free to share yours) Entries : On ADX / ADXMA upward cross, i.e when a trend appears and accelerates Direction : Long if DI+ > DI-, Short if DI- > DI+ SL/TP/TS : Custom blends of 2 ATR and an...
Thanks for sharing your experiences and EA. I will do forward testing on demo. Do suggest to change setting in indicator ADX+ADXMA in line with EA settings on the charts?
  • #17
  • Jun 21, 2016 7:27am Jun 21, 2016 7:27am
Quoting radadiya
{quote} Thanks for sharing your experiences and EA. I will do forward testing on demo. Do suggest to change setting in indicator ADX+ADXMA in line with EA settings on the charts?
Hey, If you want to visually see what the EA is trading and why, of course you should adjust your indicator to the EA's settings
You'll always miss 100% of the shots you don't take.
  • #18
  • Jun 21, 2016 1:45pm Jun 21, 2016 1:45pm
well yes maybe hopefully...especially after what george soros said today,,,well i went with an early postal vote here for brexit and when my colleagues found out i got massive stick for it at work

Quoting Edorenta
{quote} Hopefully Bremain
  • #19
  • Jun 21, 2016 2:04pm Jun 21, 2016 2:04pm
Quoting Edorenta
Alright I've been running the 0.1 version (same entries) for 3 days on a demo account. The exposure is quite high, I'm trading 0.1 lot per pos for FX, 1 lot for commodities and index CFDs, here are the results using the enclosed set files, I didn't run any real optimization though {file} {image}
Thank you for the sets, i put them on a demo account and will see.
  • #20
  • Jun 22, 2016 4:11am Jun 22, 2016 4:11am
What option i can change to limit my loss in each trade?

For example, in DAX30 with 0.5 Lots (12,5€/pip) i have losses between 1.200 € - 2.000 €

I want to limit this quantity to 500 € for example.

My settings:

ATR/Hilo 15
ATR Weight 1.0
Hilo Weight 0.5
Targeted 3.5
Trailing 0.5
Lots 0.5
Money Management: Classic
Martingale 1.1
Scaler 0.1
false
false
false
true

Thank you!!
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