The ADX EA Metatrader 4 Forex Robot is an automated forex trading software that uses the Average Directional Index (ADX) indicator to deliver breakout and cross entry and exit signals that are implemented on autopilot.
The construct of the ADX EA trading robot implies that positions entry is possible only when the ADX line crosses the main line bottom up.
If during the crossover the +DI overlaps the –DI above, a buy order is triggered by the ADX EA and if otherwise, a sell order gets printed.
The ADX EA is quite easy to implement and monitor.
It is on record that the ADX EA also has a built-in money management system that automates how much an account is risking.
You can always personalize your experience by tweaking the ADX EA’s input values.
Strategy Tester Report
Find below the ADX EA forex robot strategy tester report for the EUR/USD forex pair on the daily chart.
The EA made a total profit of $162391.23 from a total of 80 trades. The largest winning trade generated $27275.88 in profits while the largest losing trade generated a loss of-$13107.64.
Bars in test: 2353 ticks modelled
Initial deposit: $10000.00
Total net profit: $162391.23
Total trades: 80
Largest profit trade: $27275.88
Largest loss trade: -$13107.64
Consecutive wins: 3
Consecutive losses: 1
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: str1, Enable Breakout Strategies, Set the Breakout Level, Use +DI/-DI Trend Filter, Minimum difference +DI –DI, str2, str3, Enable Cross Strategies, Min_Level_Of_Main_Line, Main_Line_Sloping_Upwards, Confirm_Cross_On_Breakout, str4, str5, Distance…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the Adx EA.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)