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  1. #1
    Solid Member KobusVisser's Avatar

    ADx, Volume and EMA - Added different spices !!!

    Still stuck with ADX and Volume and was trying to find a strategy that will keep you on the right side of the trend. With my other reversal strategy I found too many false signals during trending conditions. So what I've done here is to add an EMA and extend the expiry period to 1 hour - still getting signals on the M15 chart though. Here it is:

    MT4 Setup: 15 Minute Time Frame

    9 EMA

    ADX ( 20 ) + level 20

    Volume

    You can download the MT4 template file here - https://www.dropbox.com/s/sbj1ynvv6x...nute_trend.tpl

    The Entry:

    Wait for price to bounce of the 9 EMA At this stage your ADX should be above the 20 Level and also trending upwards. Wait for price to bounce off the 9 EMA in the direction of the trend and an increase in Volume. Enter Option with 1 Hour expiry ie: 4 x 15 minute candles. If you have 2 losers in a row better stop trading as the trend is not that strong. Use with some price action skill / background.

    Important: Wait for the current candle to close in the direction of the trend before you place your call/put option.

    Let me know what you think!

    Charts:
    http://www.mql5.com/en/charts/173151...anda-division1
    http://www.mql5.com/en/charts/173151...anda-division1

  2. #2
    Specialist Member RCox's Avatar
    I have major problems with the ADX because I would argue that most of its signals are sent when a trend is already mature and ready to reverse. I really dont think an indicator can accurately measure the strength of a trend.

  3. #3
    Solid Member KobusVisser's Avatar
    Quote Originally Posted by RCox View Post
    I have major problems with the ADX because I would argue that most of its signals are sent when a trend is already mature and ready to reverse. I really dont think an indicator can accurately measure the strength of a trend.
    Let's see how it goes.

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