Saturday, April 28, 2012

MT4 indicator (Advanced_ADX.mq4)

How to use Advanced_ADX indicator

Advanced_ADX sends 2 types of signals:
 
Buy - when the histogram is green.
Sell - when the histogram is red.

 When Long, the trading rules are:

- as long as each new green histogram bar keeps rising, stay in a trade, no worries there.

- once the green histogram bar fails to make a new high - tighten you stop / or place a trailing stop while holding on to a trade.

- once the green has changed to red - exit. Also you'll exit earlier if the Stop Loss is hit.


Opposite for Short:

- as long as each new red histogram bar rises, stay in a Short trade.

- once the red histogram bar fails to make a new high - tighten you stop / or place a trailing stop while holding on to a trade.

- once the red has changed to green - exit. Also you'll exit earlier if the Stop Loss is hit. 


Forex MT4 indicator Advanced ADX Download indicator: Advanced_ADX.mq4

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