ADX EA (Average Directional Movement Index)

ADX EA for metatrader - forex robot

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About the ADX (Average Directional Movement Index)

The ADX Indicator (Average Directional Movement Index) was developed in 1978 by J. Welles Wilder and is a Moving Average based trend indicator. It is based on 3 lines: the ADX line, plusDI (+DI) and minusDI (-DI). It is included in Metatrader 4 and 5. The default setting is 14 for the ADX period.

Trade logic of this Expert Advisor

The ADX EA is a forex robot based on the ADX indicator. It includes 5 different entry strategies and in the Advanced and Pro version 3 additional exit strategies.

Entry Strategies

  • ADX Breaks Over Level
    trades if the ADX Main Line crosses above the Entry Level
  • ADX Breaks Under Level
    trades if the ADX Main Line crosses below the Entry Level
  • +DI/-DI Breaks Over Level
    trades if the +DI (-DI for short) crosses above the Entry Level
  • +DI/-DI Breaks Under Level
    trades if the +DI (-DI for short) crosses below the Entry Level
  • +DI/-DI Crosses
    trades if the +DI crosses the -DI from below (from above for short)

Entry Filters / Entry Settngs

  • for Breakout Strategies
    • Entry Level
      Set the Breakout Level.
    • Use +DI/-DI Trend Filter
      Choose this filter to only open buy orders if the +DI is above the -DI (vice versa for short)
    • Min Price Difference Between +DI/-DI
      Set the minimum price difference between the +DI and -DI Line in order to open a trade
  • for Cross Strategy
    • Min Level Of Main Line
      Define what the miminum price of the ADX Main line has to be,  to open a trade
    • Main Line Sloping Upwards
      Choose if you want the Main Line to be sloping upwards to open a trade
    • Confirm Cross On Breakout
      Trades also the Breakouts after a cross

Exit Strategies (only Advanced & Pro versions)

  • ADX Breaks Exit Level
    Closes the trade if the Main Line crosses the Exit Level
  • +DI/-DI Breaks Exit Level
    Closes the trade if the +DI Line crosses the Exit Level (-DI for short)
  • +DI/-DI Crosses
    Closes the trade on a crossover of the +DI and -DI lines

Versions overview

All ADX indicator input parameters are fully adjustable in all Versions.  All versions have variable Magic Number, Take Profit, Stop Loss, Lot Size and Slippage.

FUNCTIONS

BASIC

ADVANCED

PRO

     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     

More information

  • You can install the product on limitless demo and live accounts.
  • Note that this Expert Advisor does not draw any indicator on the chart.
  • You do not understand all the functions? Take a look at our function glossary.
  • The license of every product you download is time limited, but you can re-download newer versions any time in your purchase history.
  • Version


    MT4 Basic v2.01
    MT4 Advanced v2.01
    MT4 Pro v2.01

  • Changelog

    Sep 15, 2016

    Fixed: In some cases the “Send Alert On Trade” function did not work correctly

    Sep 7, 2016

    Update: Re-written the complete EA
    Added: The EA has now 5 entry strategies
    Added: The EA has now 3 exit strategies (only advanced and pro version)
    Added: “Reverse On Oppsite Signal” (only pro version)
    Removed: “Trade max. once per bar”

    Jan 13, 2016

    Minor updates and fixes in all MT4 versions

    Nov 1, 2015

    Bugfix: MA Trend Filter for MT4 Advanced and MT4 Pro version
    Bugfix: Day/Time Filter in the range strategy (MT4 Pro)

    Oct 30, 2015

    Added MA Trend Filter for MT4 Advanced and MT4 Pro version

    Sep 24, 2015

    Initial release MT4 Pro

    Apr 11, 2015

    Some improvements in all MT4 versions
    Added “Max once per Bar” function to all MT4 Advanced and Pro versions

    Mar 01, 2015

    Initial release MT4 Basic and MT4 Advanced

14 thoughts on “ADX EA (Average Directional Movement Index)

  1. Hello Yannick, I’m very interested in purchasing the pro version of the ADX EA but I would like to know if specifically this exit strategy is available in the pro version

    Exit buy(long) trade when -DI line crosses exit level and Exit sell(short) trade when +DI line crosses exit level.

    This Exit strategy would work perfectly well with my intended trading system.

    Thanks for your anticipated reply

  2. I downloaded the ADX EA for free, but I can not at all not even open. I was looking for programs on the net but none of them succeeded. What can you do.

  3. I downloaded the ADX EA for free, but I can not at all not even open. I was looking for programs on the net but none of them succeeded. What can you do.

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