Table of Contents
ADX EA for metatrader4
The ADX EA trades every instrument on mt4 using the famous indicator called average directional index. It offers plenty of entry conditions and money management settings. Here you can read it’s main features:
- Easy to use and supervise
- It implements 4 different trading setups
- Customizable break-even, trailing-stop, stop-loss and take-profit
- Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols
- Trading is NFA/FIFO Compliant
- Implements a martingale feature
- Filter trading by forex sessions
- Built-in money management
Utilizing this EA you will be able to boost your trading results like many of our readers have already done!
ADX EA input and settings
After you load the expert on any of your desired charts, you will be presented with a set of inputs and parameters to optimize the expert advisor. You can see our offered parameters in the picture above but lets go through their meanings and applications first:
This parameter group holds the ADX settings.
Enable or disable trading setups at will
Enable or disable trading for the Assian, European or American sessions.
This group of settings applies to trading decisions and trade management. You can select trading direction, break-even in pips, trailing-stop in pips, trailing-step in pips, stop-loss in pip and take-profit in pips.
In this settings block you can set the lotsize for the first trade, or allow the EA to calculate it by itself. It also implements a martingale behavior. Entering a manual lot size is recommended.
You can select the magic number for the trades, custom comment and manual pip value if you need to override the one the default one. Do not change these unless you know what you are doing.