Free download Average Directional Index EA Basic
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
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)
- 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
- Entry Level
- 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
- Min Level Of Main Line
- 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
