How ADX strategy 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 mainline above ADX Trending Level that means market now trending level
- Trade On Ranging Level - When ADX mainline below ADX Ranging Level that means market now ranging level.
When you select ADX Filter Type = Trade On Trending Level that means EA only opens trade when the 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.