ADX strategy (considering ADX and +DI only ) by eemani123
By eemani123
Performance Metrics
- Author: eemani123
- Symbol: AMEX:SPY
- Timeframe: 1 hour
- Net P&L: +1,051.83 USD (+10.52%)
- Win Rate: 87.6%
- Profit Factor: 6.31
- Max Drawdown: 47.73 USD (0.44%)
- Total Trades: 121
- Sharpe Ratio: 0.181
Description
I have been checking the strategies on ADX indicator. I have found that +DI crossing above ADX line under threshold 30 and exit on crossdown when ADX above 30 has better results than just following crossovers of +DI and -DI , ADX crossing above 30 .BUY Rule========fast ema is above slow ema (default 13 and 55 , you can change these values in settings)+DI cross above ADX well beloe threshold level (default 30)Exit reule========when +DI cross down ADX , well above on threshold level Stop Loss=========Default is set to 8%Take a look and let me know how your symbol works with this strategyNote : Bar color changes to yellow when the BUY condition is met.Bar color and Background color shows to blue --- if Long position is active fast ema and long ema doesnt print on the chart -- please add manually to the chartWarning : for the use of educational purposes only