ADX Trend Strategy

ADX Trend Strategy is a forex strategy trend following. The purpose of this strategy is to catch the trend. The entry is with retracement.

Currency pairs: any.

Time Frame 30 min or higher.

Forex Indicators:

21 EMA, close;

11 EMA close;

ADX 14 period, close;

MACD (24,48, 9).

Trading Rules

Buy

Conditions:

ADX above 30 level.

11 EMA above 21 EMA,

MACD going up,

when the price retraces on 11 EMA, wait that price break the high of the bar that touches 11 EMA .

Sell

ADX above 30 level.

11 EMA below 21 EMA,

MACD going down,

when the price retraces on 11 EMA, wait that price break the low of the bar that touches 11 EMA .

Exit

Initial stop loss 10 pips below the entry bar, after moving stop loss at the breakeven

Profit target ratio stop loss 1:1.2.