ADX Pro Forex trend Following Strategy
This system uses moving average indicators and price actions. Other indicaors were added to help hedge the trading by showing reversal trend or breakout. It works on any pair and timeframe but focused more on EURUSD. On 15 minute timeframe.
Chart Setup:
- EMA9, ADX14, ATR14
- Set a level of 20 on ADX14
Entry Rules:
Long Entry:
- Price is coming up from below EMA9.
- Candle Closes above EMA9
- ADX DI+ is greater than 20 AND ADX DI+ is greater than ADX DI-
Short Entry:
- Price is coming down from above EMA9.
- Candle Closes below EMA9.
- ADX DI- is greater than 20 AND ADX DI- is greater than ADX DI+.
Exit Rules:
- Long Exit: Candle Closes below EMA 9-or- ADX 14 DI+ < ADX 14 DI-.
- Short Exit: Candle Closes above EMA 9 -or- ADX 14 DI- < ADX 14 DI+
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