Forex Earth Robot added indicator ADX , number of candles before and after signal, so this EA is fully updated. Read the latest reviews.submitted by iforexrobot to u/iforexrobot [link] [comments]
The ADX EA Metatrader 4 Forex Robot is an automated forex trading software that uses the Average Directional Index (ADX) indicator to deliver breakout and cross entry and exit signals that are implemented on autopilot. The construct of the ADX EA trading robot implies that positions entry is possible only when the ADX line crosses the main line ... The ADX indicator is Wilder’s answer. Wilder developed the Average Directional Index (ADX) as an indicator for the interpretation of the market environment. ... Sign Up now and receive instant access to my free forex robot download with over 40 technical indicators and 11 candlestick patterns built in. *Please use a real email address as you ... The free ADX forex robot trades upon the crossover of ADX+ and ADX-. It’s a trend following forex robot. The ADX trend strength itself is a filter to avoid trading extremely tight market ranges. Trading Signals. Buy order: The ADX bot places a buy trade when ADX+ crosses above ADX- from below and the ADX trend strength exceeds 20. Forex Indicators: ADX Explained In order to reduce risk and increase the potential profit, most traders utilize the strategy of trading in the direction of strong trends. One of the forex indicators that allow traders to determine the price trend is the Average Directional Index or ADX . ADX finds a ratio of +DI and -DI in such a way to show the consistency of the price moving in a single direction or how stable the trend is. When ADX is above 25, the market is trending. As the higher the value of ADX is, the stronger is a trend. When ADX is below 25, the market enters a range state. The default period of the indicator is 14.
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