ADX Power

Timeframe: I use it on 4 hours, feel free to use it on smaller timeframes as well

Currency Pair: Any

 

Indicators: EMA9 and EMA26 and DMI (Directional Movement Indicator with ADX)

DMI Settings: Draw a horizental line at 25 to watch for the crossovers of DI+ or DI-

ADX Settings: Ignore signals where ADX is lower 20

 

 

 

GO LONG WHEN:

  EMA9 has crossed over EMA26

  DI+ >= 25

  ADX >= 20

  ADX is in between DI+ and DI-

EXIT LONG WHEN:

  EMA26 has crossed EMA9 AND

  DI- is higher than DI+

 

GO SHORT WHEN:

  EMA26 has crossed EMA9

  DI- >= 25

  ADX >= 20

  ADX is in between DI- and DI+

EXIT SHORT WHEN:

  EMA9 has crossed EMA26 AND

  DI+ is higher than DI-

 

WHAT TO IGNORE:

  While in Long Position: DI+ and DI- Cross-overs while the EMA9 is still on top of EMA26

  While in Short Position: DI+ and DI- Cross-overs while the EMA26 is still on top of EMA9

  While searching for Trading Opportunities: The EMAs has crossed over but the DI+ or DI- (depending on whether you're looking for Long or Short positions) are still under 25. Also, wait till the ADX has reached 20 before entering into Trade

  Price breaking the Lower EMA (EMA26 in case of Long Positions) line while the EMA9 is still on top of EMA26


Attached Files:

Posted By maishamrittika : 30 June, 2020
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