Re: MT4 Indicator requests and ideas

4204
TEAMTRADER wrote: Tue Sep 18, 2018 4:26 am Mr Tools,
Could you please adapt this indictor so it shows the two extra bands as in the illustration please?
At the moment I have to load 3 indicators to get this set up on chart.
Thanks
TEAMTRADER
Didn't have the HMA you were using as iCustom, so built one in and added the bands.
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Re: MT4 Indicator requests and ideas

4206
Hi Mrtools,
some one make EA for this strategy

The concept underlying the 2-period ADX is to find the perfect pause in the market. By using such a short look-back period for the ADX indicator, it becomes extremely sensitive. Hence, it rarely falls below 25. When it does, it is a signal that a break-out is imminent.

TRADING RULES – 2-PERIOD ADX
2-period ADX falls below 25
Place buy stop and sell stop order one tick above the high/low of the signal bar

The 2-period ADX is an excellent way to find low-risk entries into market trends. Most signal bars are narrow range bars, and its extreme offers a reliable stop-loss level.
Another characteristic of the 2-period ADX signals is that they occur infrequently. It teaches the virtue of patience in trading. Instead of jumping into a trend as it’s speeding away, exercise patience and join the train during its perfect pause
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