ADX EA (Average Directional Movement Index)
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 AdvisorThe 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
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