The ADX Forex robot for Metatrader 4 is a simple, yet profitable expert advisor that scans the currency market for the most credible price direction.
It uses the average directional index or ADX in line with some algorithmic rules to determine when price is in a strong trend.
The expert advisor also deploys a moving average algo-technique in defining the logic that considers price range expansion over a defined time frame.
Incorporated into the coding of this expert advisor is a feature (or some lines of code) that gauges the strongest and most profitable trend to trade.
The ADX EA made $14086.39 profit on the USD/JPY pair 30-minute chart from an initial deposit of only $3000.
Feel free to tryout the robot on any currency pair of your preference, including the EUR/USD, GBP/USD and USD/JPY.
Default EA settings:
Lots: 0.01, adx: 25, numero magico: 100
The default EA settings can be modified directly by editing the source code or changing the Forex robot’s input parameters.
It’s highly advised to test the ADX based expert advisor on a demo account first before running it on a real Forex account.
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Strategy Tester Performance Report
Find below the strategy tester performance report for the simple ADX expert advisor attached to the USD/JPY 30-minute trading chart.
Strategy Tester Performance Highlights
The ADX simple expert advisor made a total profit of $14086.39 ($3000 initial deposit) from 13 trades during the initial testing period.
The largest winning trade generated $3039.74 in profit, while the largest losing trade lost -$428.11.
See the test results report above for all details.
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Adjustable Parameters & Inputs
Lots, adx, numero magico.
More Info About This Expert Advisor
Recommended Currency pairs: Majors & Minors
Trading Platform: MT4
Time frames: M5 – H1
Expert Advisor Type: Intraday
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.