Dear Seniors,
Please make below strategy afl
When the 14 period ADA rises from below 15 to above 15 with a change in the ADX of 0.5 or more, a big trend might be underway.
A simple Parabolic Stop is used.
Let's look at the code as I use it in Genesis Trade Navigator:
For a Long Entry:
IF DMI plus (14 , 0) > DMI minus (14 , 0) And ADX (14 , 0) <= 15 And ADX (14 , 0) > ADX (14 , 0).1 And Next Bar DayOfWeek <> 3 And Next Bar WeekOfMonth <> 4
For Long Exit:
IF Crosses Below (Low , Parabolic (0 , 0.02 , 0.2))
Then Sell Market
For Short Entry:
IF DMI minus (14 , 0) > DMI plus (14 , 0) And ADX (14 , 0) <= 15 And ADX (14 , 0) > (ADX (14 , 0)).1 And Next Bar DayOfWeek <> 2
For Short Exit:
IF Crosses Above (High , Parabolic (0 , 0.02 , 0.2))
Then Sell Market
The Long Entry looks at a DMI Plus > DMI Minus and the ADX must be rising ADX > ADX.1 (= one bar ago)
Thanx
Abhishek
Please make below strategy afl
When the 14 period ADA rises from below 15 to above 15 with a change in the ADX of 0.5 or more, a big trend might be underway.
A simple Parabolic Stop is used.
Let's look at the code as I use it in Genesis Trade Navigator:
For a Long Entry:
IF DMI plus (14 , 0) > DMI minus (14 , 0) And ADX (14 , 0) <= 15 And ADX (14 , 0) > ADX (14 , 0).1 And Next Bar DayOfWeek <> 3 And Next Bar WeekOfMonth <> 4
For Long Exit:
IF Crosses Below (Low , Parabolic (0 , 0.02 , 0.2))
Then Sell Market
For Short Entry:
IF DMI minus (14 , 0) > DMI plus (14 , 0) And ADX (14 , 0) <= 15 And ADX (14 , 0) > (ADX (14 , 0)).1 And Next Bar DayOfWeek <> 2
For Short Exit:
IF Crosses Above (High , Parabolic (0 , 0.02 , 0.2))
Then Sell Market
The Long Entry looks at a DMI Plus > DMI Minus and the ADX must be rising ADX > ADX.1 (= one bar ago)
Thanx
Abhishek