Understanding the ADX Smoothed Trading System
Hey fellow traders! Today, I want to share a powerful trading system that revolves around the crossing of the DI+ and DI- lines from the ADX Smoothed indicator. This system helps in identifying potential entry points when the red and green lines intersect at the close of a bar.
How to Set It Up
To get started, simply place the ADX_Smoothed.ex5 file in your terminal_data_folder/MQL5/Indicators directory. It's a straightforward process that gets you ready to trade!
Testing the Expert Advisor
The testing results below utilize the default input parameters of the Expert Advisor. Notably, we did not incorporate a Stop Loss or Take Profit during these tests to evaluate the system's raw performance.
Fig. 1. The instances of history of deals on the chart.
Performance Results for XAUUSD on H4
Let’s take a look at the testing results from 2011 for the XAUUSD pair on an H4 timeframe:
Fig. 2. Chart of testing results
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