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Thread: ADX System EA

  1. #1

    Default ADX System EA

    Hey there Funnyoo!

    Using the Average Directional Index indicator, would you be able to code the following EA.

    LONG when ADX is greater than 20, AND DI+ is greater than DI-
    SHORT when ADX is greater than 20 AND DI- is greater than DI+

    Is it possible to code in using a RECENT swing LOW/HIGH as STOP LOSS and an user defined TP?

    Best Regards,
    M.

  2. #2
    Administrator funyoo's Avatar
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    Quote Originally Posted by sirkeen View Post
    Hey there Funnyoo!

    Using the Average Directional Index indicator, would you be able to code the following EA.

    LONG when ADX is greater than 20, AND DI+ is greater than DI-
    SHORT when ADX is greater than 20 AND DI- is greater than DI+

    Is it possible to code in using a RECENT swing LOW/HIGH as STOP LOSS and an user defined TP?

    Best Regards,
    M.
    Hi sirkeen,

    Here is the ADX System Expert Advisor.
    Attached Files Attached Files

  3. #3

    Default

    WOW, thank you!

    Is there anyway to recode the ADX indicator itself to display the ADX as an Oscillator?

    I have attached a picture if what I was looking for. The BAR is green when DI+ is above DI- and visa versa for a red bar.

    PS, the faint gray line is ADXR.

    Regards,
    M.
    Attached Images Attached Images ADX System EA-adx-oscillator-jpg 

  4. #4
    Administrator funyoo's Avatar
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    Quote Originally Posted by sirkeen View Post
    WOW, thank you!

    Is there anyway to recode the ADX indicator itself to display the ADX as an Oscillator?

    I have attached a picture if what I was looking for. The BAR is green when DI+ is above DI- and visa versa for a red bar.

    PS, the faint gray line is ADXR.

    Regards,
    M.
    I don't see how to do that. Maybe this one that I have modified, will help you.
    Attached Files Attached Files

  5. #5

    Default

    COOL idea, but I didn't need the price bars to do that. Was hoping for the ADX Indicator itself to display the ADX as a bar histogram.... Does that make sense?

    Regards,
    M.

  6. #6
    Administrator funyoo's Avatar
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    Quote Originally Posted by sirkeen View Post
    COOL idea, but I didn't need the price bars to do that. Was hoping for the ADX Indicator itself to display the ADX as a bar histogram.... Does that make sense?

    Regards,
    M.
    Yes that's possible. But I have not enough knowledge to do this.

  7. #7

    Default

    Thank you for trying Funnyoo!

  8. #8

    Default

    Hey Funnyoo.

    I found this ADX indicator that is correctly written as per Wilder's calculations. Could you could the same EA using the attached indicator?

    EA LONG/SHORT LOGIC

    LONG when ADX is greater than 20, AND DI+ is greater than DI-
    SHORT when ADX is greater than 20 AND DI- is greater than DI+

    Best Regards,
    M.
    Attached Files Attached Files

  9. #9
    Administrator funyoo's Avatar
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    Quote Originally Posted by sirkeen View Post
    Hey Funnyoo.

    I found this ADX indicator that is correctly written as per Wilder's calculations. Could you could the same EA using the attached indicator?

    EA LONG/SHORT LOGIC

    LONG when ADX is greater than 20, AND DI+ is greater than DI-
    SHORT when ADX is greater than 20 AND DI- is greater than DI+

    Best Regards,
    M.
    Hi sirkeen,

    Here it is. ADX System Expert Advisor (Wilders DMI book). You need the indicator attached.
    Attached Files Attached Files

  10. #10

    Default

    Thank you VERY much funnyoo.

    Is it possible to have the EA close out all positions if the ADX falls below 20 and then re-enter when the ADX comes above 20?

    Regards,
    M.

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