Today, in the cycle of reviewing new and simply interesting indicator strategies, we will learn about a completely new trading system called "ADX 15 Minutes EUR / JPY Trend Strategy". It is really new, because just the other day it was published on the popular Western forum of traders.
Within a few days, this strategy has attracted the attention of many users and traders, and it continues to gain popularity.
With our help, you will also be among the first who have already read it and know:
We will adhere to this plan, revealing all its points in order.
You can see all the instruments for this strategy installed on the chart in MT4 in the picture below:
In fig. 1 you see indicators installed on the terminal chart from a ready-made template. You can download the template at the end of this article.
If you do not want to use indicators in your trading, then you can download the basic course of the TS "Sniper X". This is a system with which you will start trading profitably today, working only from levels:
After downloading and unpacking the template from the zip archive, the unpacked indicator and template files should be placed in the appropriate folders of your terminal. You can do it like this:
As seen in Fig. 3, on the chart we have 6 indicators, of which only two are included in the package of standard terminal tools. These are the "ADX" and "RSI" indicators, the other four instruments are the author's indicators.
So, the indicators are installed and configured. We just have to understand the principle of their work in this TS and find out what signals they should send to the trader.
After installing the indicators, you need to open the desired chart:
We have already done all this and are now starting to study indicator signals and rules for entering the market using them.
To open a buy position, we need several conditions to be met:
If all three conditions are met, open a buy trade:
In Figure 4 we see that we have all three input signals. The ADX indicator curve is just beginning to rise above the level “22”, but we can already take this as a signal and open a buy position.
According to the trading rules within this strategy:
Sell signals are opposite to sell signals:
All conditions are met - we open a sell position:
We can fix profit in different ways (depending on the situation):
We see that the position was not closed by Stop Loss, because the price was moving confidently in the direction we needed. At the same time, at the Take Profit_1 level, we move our trade to breakeven and observe further how the price continues to move towards the next Pivot level. A little short of this level, we placed Take Profit_2, where our trade was closed with a higher profit:
Price at entry level = 129.406
Profit was: 53 points
Profit was: 98 points
We see that the price showed a good movement, and we were not mistaken by placing the second Take Profit at the distant Pivot level. For this trade, we managed to take almost 100 points of profit.