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    Forex trading strategy - ADX Power

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    wadoud1236


    Posts : 36
    Points : 8
    Join date : 2010-07-04

    Forex trading strategy - ADX Power Empty Forex trading strategy - ADX Power

    Post  wadoud1236 Mon Jul 05, 2010 8:40 am

    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

    Good luck and happy trading
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    forexegypt2010
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    Posts : 124
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    Forex trading strategy - ADX Power Empty Re: Forex trading strategy - ADX Power

    Post  forexegypt2010 Mon Aug 09, 2010 11:03 am

    can i use it on GBP_JPY pair??????????????
    and on any frame ?????????

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