USER GUIDE – ADX Trader EA
MeetAlgo ADX Trader EA trades using the Average Directional Index (ADX) Indicator. It offers many customizable Average Directional Index (ADX) trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode.
How ADX Setting Work
ADX Work with two combination ADX Filter Type + ADX Entry Type. First you have to select ADX Filter Type
1. ADX Filter Type – You have to select when you have to trade On Trending Time or On Ranging Time
-
- Trade On Trending Level – When ADX main line above ADX Trending Level that mean market now trending level
- Trade On Ranging Level – When ADX main line below ADX Ranging Level that mean market now ranging level.
When you select ADX Filter Type = Trade On Trending Level that mean EA only open trade when market is trending level.
2. ADX Entry Type – After you select ADX Filter Type then you have to select how EA open Buy or Sell trade
-
- D+ and D- Up & Down – When D+ level above D- level it is Buy signal and when D+ level below D- level it is Sell Signal.
- D+ and D- Cross – When D+ level cross over D- level it is Buy signal and when D+ level cross below D- level it is Sell Signal.No
- Entry Signal – No Entry select. If you select this EA open buy and sell trade base on only ADX Filter Type.
