Currency pair: any
Indicators: EMA9 and EMA26 and DMI (Directional Movement Indicator ADX)
DMI settings: draw a horizontal line at 25 for crossings DI + or DI-
ADX settings: ignore signals which ADX is below 20
ADX Indicator forex strategy
Buy when:
EMA9 has crossed over EMA26
DI +> = 25
ADX> = 20
Exit long when:
EMA9 EMA26 crossed and
DI + DI is higher than
what to ignore
While in long position crosses DI + and DI-while still EMA9 above EMA26
While in short position: cross DI + and DI-while still EMA26 above EMA9
While looking for opportunities to operate: the EMAS have been crossed but the DI + and DI-(depending on whether you are looking for long or short positions) is still below 25. Also, wait for the ADX has reached 20 before entering the operating
A price which breaks the line of lowest EMA (EMA26, if Long positions), while still EMA9 EMA26 above.
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