ADX+EMAs cross system

[kapoplayboy]

The strategy is as follows:

 

Time frame: Daily.

 

Indicators: 3 DAYS EXPONENTIAL MOVING AVERAGE.

10 DAYS EXPONENTIAL MOVING AVERAGE.

ADX (14)WITH +DI AND -DI.

 

BUY SETUP : +DI MUST BE ABOVE -DI .

BUY WHEN 3 DAYS EMA CROSSES 10 DAYS EMA FROM DOWNSIDE TO UPSIDE.

 

SELL SETUP: -DI MUST BE ABOVE +DI

SELL WHEN 3 DAYS EMA CROSSES 10 DAYS EMA FROM UPSIDE TO DOWNSIDE.

 

[Legendkid]

This sounds like latin to me.Man i don't know where to place that meaning.It just simply means nothing me since i certainly don't understand this program.Can you explain?

[ganthiraj]

The amount risked per trade is high for my taste; 1.0% is my max per entry.

 

You will miss most of the moves usually with this I think, by the time 30m ADX signals a trend do you have moves often enough to allow net profit after costs? To best capture what you can, the trailing exit is good idea - I've heard using a % open profit loss for trailing stop out, like 10% open profit lost, could be good. Or try parabolic..

 

Definitely program and backtest before risking money

[hardworks]

Combinning many ma indicators with different time frame, it should be more powerful strategy. If we combine it with ADX, then it should be perfect for analysis. I like to know the result of this strategy, for how many months do you trading with this plan. If it is profitable, then let me to know, so that we can develop that in to expert strategy.

[standart]

I am sure this trading system will work well since thread starter use it in daily time frame. the accuracy of MA crossover in higher time frame is very good and moreover the system also use ADX as a filter. but this system will give a lot of false signal if use it in low time frame.