If you're looking to step up your trading game, the ADX EA is a fantastic tool to consider. This Expert Advisor utilizes ADX indicator strategies, complete with Trailing Stop Loss and Take Profit features. It works seamlessly across all time frames and is compatible with major forex pairs as well as NASDAQ stocks.
Key Features of ADX EA
- Start with a demo account to get the hang of it.
- This EA makes trades based solely on the opening price of the candle!
- If you prefer not to increase lot sizes after a losing trade, simply set: IncreaseFactor=0
Parameters Overview
- Use_TP_In_Money: Activate Take Profit in Money (true/false).
- TP_In_Money: Set Take Profit in Money (values: 10-100).
- Use_TP_In_percent: Activate Take Profit in Percent (true/false).
- TP_In_Percent: Set Take Profit in Percent (values: 10-100).
- Enable_Trailing: Turn on Trailing with Money (true/false).
- Take Profit In Money: Set in current currency (values: 25-300).
- Stop Loss In Money: Set in current currency (values: 1-20).
- Enable Breakout Strategies: Activate when ADX Main Line/+DI/-DI crosses Entry Level (true/false).
- Set the Breakout Level: Choose your level (values: 1-100).
- Use +DI/-DI Trend Filter: Open buy/sell orders only if a cross occurs (true/false).
- Minimum Difference +DI -DI: Minimum price difference between +DI and -DI (values: 1-100).
- Enable Cross Strategies: Activate crossover strategies (true/false).
- Min Level Of Main Line: Set minimum price of the ADX Main line (values: 1-100).
- Main Line Sloping Upwards: Confirm upward slope (true/false).
- Confirm Cross On Breakout: Validate breakout confirmation (true/false).
- Exit: Close trades if the trend reverses against you (true/false).
- Lots: Define lot size (values: 0.01-1).
- Lots Size Exponent: Set exponent for lot size (values: 1.01-2).
- IncreaseFactor: Determine how much to increase lots after a loss (values: 0.001-0.1).
- Stop Loss: Set Stop Loss (values: 30-500).
- Magic Number: Assign a magic number (values: 1-100000).
- Take Profit: Set Take Profit (values: 50-200).
- FastMA: Fast Moving Average (values: 1-20).
- SlowMA: Slow Moving Average (values: 50-200).
- Momentum Sell Trigger: Set value (0.1-0.9).
- Momentum Buy Trigger: Set value (0.1-0.9).
- Use Equity Stop: Activate equity stop (true/false).
- Total Equity Risk: Set risk level (values: 0.01-30).
- Max Trades: Limit the number of trades (1-12).
- If using only one trade: Set Trailing Stop between 40-100 to activate trailing stop loss and take profit. Setting it to "0" will disable it.
- Enable "Break Even": (true/false).
- When to move "Break Even": (values: 5-30).
- How much pips to move for "Break Even": (values: 5-30).
It's wise to optimize this EA every few months and use the same parameters listed above. You can utilize it either as a hedging grid EA or for single trades.
For backtesting, check out this link: Backtest your EA here.
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