ADX EA (Average Directional Movement Index)

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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.

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
    
• 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
    
  
  

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