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ADX with Exponential Moving Averages Scalping

ADX with Exponential Moving Averages Scalping is a trend following Scalping system.This technique of Average Directional Index (ADX) and Moving Average based on my personal experience, can be profitable, provided that the rules are applied with discipline.
Indicators needed
Exponential moving average 7 period, close,
Exponential moving average 21 period, close,
ADX 14 period (default).
ADX first and how it works.
Within the ADX indicator there are 3 components, namely ADX Line, ADX DI- and ADX DI +. Each component has a different function.
Line ADX = to measure the strength of the trend.
ADX DI- = line to measure vendor strength.
ADX Line DI + = to measure the strength of the buyer.
Illustration, if the ADX line moves upwards and ADX DI-Cross on ADX DI + indicates that the price tends to be bearish (downward trend). And vice versa, if ADX Line goes up and ADX DI + Cross up ADX DI- means that the price tends to be bullish (uptrend).
ADX Indicator
Scalping strategy with ADX and MA:
Time Frame M15.
Currency pairs: major (EUR/USD, GBP/USD, USD/CHF, NZD/USD, AUD/USD, USD/JPY, EUR/JPY.
Avoid the sideway market.
Long Entry: EMA 7 crosses EMA 21 upwards.
ADX DI + Cross ADX DI- upwards.
Exit when the signal has reversed
Short Entry: EMA 7 crosses EMA 21 downwards.
ADX DI- Pass ADX DI downwards
Exit when the signal has reversed.
ADX with Exponential Moving Averages Scalping

ADX with Exponential Moving Averages Scalping

ADX with Exponential Moving Averages Scalping


ADX with Exponential Moving Averages Scalping Reviewed by learn forex trading on December 01, 2019 Rating: 5

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