The ADX Forex robot EA for Metatrader 4 delivers automated buy and sell trading signals based on the popular ADX trend strength indicator and the overall trend.
The ADX indicator is used in many trading strategies and forex systems.
The buy/sell trade logic goes as follows:
- A buy trade occurs when the ADX value goes above 25 and the trend is upward.
- A sell trade occurs when the ADX value goes above 25 and the trend is downward.
The ADX default period is set to 14.
Feel free to experiment with the different input parameter values for optimized performance and use on a demo account first.
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Strategy Tester Performance Report
Find below the ADX System Forex robot tester performance report for the EUR/USD currency pair attached to the 1-Hour chart.
Overall, the ADX FX robot traded profitable during the testing period.
Strategy Tester Performance Highlights
The robot made a total profit of $6328.08 from 49 buy and sell trades. The largest winning trade generated $880.00 in profits, while the biggest losing trade reported during the testing period lost -$373.56.
Test Period Details:
Bars in test: 9618 ticks modelled
Initial deposit: $10000.00
Total net profit: $6328.08
Total trades taken: 49
Largest profitable trade: $880.00
Largest losing trade: -$373.56
Consecutive winning trades: 6
Consecutive losing trades: 3
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MT4 Forex Robot Highlights
Supported Currency pairs: Any (majors, minors, currency crosses)
Supported Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: ADX + trend
Trading Platform: Metatrader 4
Type: Expert advisor (EA)
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Lot size, take profit, trailing stop, stop loss
How to install and run this FX Robot?
- Copy the ADX_System.mq4 file into the Experts folder of the MT4 platform.
- Then close and restart the MT4 platform.
- Finally, attach the robot to the chart.