ADX Power Trend Forex Trading System (The Secret To Using ADX Indicator)

ADX Power Trend Forex Trading System is a swing trend following system filtered by long term and medium term indicator.

 
Entering into a fading or weakening trend is one of the most frustrating things a trader can encounter. Many traders have strategies for trend entry but if a trend has run its course and is weakening then it is of no use to you regardless of the entry set-ups.

Combining the Average Directional Index or ADX with a Trend Entry strategy can help you trade breakouts and pullbacks with higher probability.

The ADX is used to qualify and quantify trend strength. The approach and display is very simple. The ADX filter can have very beneficial effects on your trading results.

The indicator measures only strength but not directional bias. This allows the trader to choose the strongest trends to enter and let profits run when the trend is strong as per the ADX.

  • Time Frame : 240 min or daily.
  • Currency pairs : any.
Recommended Article:  Correctly Identify Forex Trend with Renko Bar Chart and Momentum Trading System

 

Setting Metatrader indicators:
  • Half Trend Td amplitude 2.
  • Long Term filter indicator (Weekly time frame)
  • Medium term filter indicator ( current time frame) joker filter.
  • Supporting ADX 12 period with 22 level and smoothed moving average 3 period.
  • ZZ Window

 

ADX Power Trend Trading Rules

 

Buy Rules

Half Trend TD arrow buy confirmed by:

  • Long Term filter acqua bar,
  • Medium term filter green bar,
  • and ADX > 22 level or ADX > your moving average (this condition is optional).
  • ZZ Window green

 

 

Sell Rules

Half Trend TD arrow Sell confirmed by:

  • Long Term filter magenta bar,
  • Medium term filter magenta bar,
  • and ADX > 22 level or ADX > your moving average (this condition is optional).
  • ZZ Window red

 

 

Re-entry Rules

When the price movement bounce on the Half Trend Trend Line whit the same previous conditions.

Recommended Article:  Forex Parabolic MultiTimeFrame Trading System With TMA Slope Custom Indicator

Exit at the opposite arrow or ratio 1.2 initial stop loss or traling stop that depends by time frame and currency pairs. Initial stop loss on the previous swing.



Leave a Reply

Your email address will not be published. Required fields are marked *