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Re: Something interesting please post here (Metatrader)

bilbao, Wed Apr 26, 2017 5:09 pm

ADX indicator is designed to determine the trend and trade on it.
If the histogram is green, we enter the purchase. If the histogram is red, we enter the sale.
In the indicator settings, you can change the ADX period. If this parameter is increased, the indicator will show stronger market movements.

Advanced ADX

Possible trade rules:
a buy order .

When we are in the purchase, and the next bar is a histogram of green color, we do not bother and remain in the market.
If the next bar of the histogram is above the previous one, transfer the stop loss at a safe level.
If the next bar of the histogram is red, we exit the market, even if the stop loss is still far away.

A sell order .

When we are on sale, and the next bar is a histogram of red color, we do not bother and remain in the market.
If the next bar of the histogram is higher than the previous one, we transfer the stop loss to a safer level.
If the next bar of the histogram is green, we exit the market, even if the stop loss is still far away.
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