ADX and Adaptive Moving Average Rules for a Bar-Based Expert Advisor

Summary

This expert advisor uses the Average Directional Movement Index (ADX) and Adaptive Moving Average (AMA) to generate directional signals. It evaluates conditions only when a new bar appears. One combination of indicator movement closes short positions and opens a long position; the opposite combination closes longs and opens a short position. Optional stop-loss and take-profit levels are calculated around the current ask or bid, with checks intended to reject invalid stop placement.

The document says parameters can be explored manually by changing comparison operators in the signal rules, or automatically by selecting stop loss, take profit, and the AMA horizontal shift. It gives no tested parameter values, backtest results, or evidence that the rules are profitable. Position handling and risk settings are described only at a high level, so execution assumptions and broader risk controls remain unspecified.

Key ideas

• The advisor evaluates ADX and AMA conditions once per new bar.
• A signal closes positions in the opposite direction before opening a new trade.
• Stop loss and take profit levels can be set around the current bid or ask.
• Parameter exploration is described as either manual rule adjustment or automatic selection of risk levels and AMA shift.
• The document presents no backtest or evidence of profitability.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.