ADX and MACD Trend Entry Rules with Partial Profit Taking

Summary

This expert advisor combines ADX and MACD to identify trade entries. It looks for the MACD main and signal lines to move in the same direction over a configurable number of bars: upward movement supports buys, while downward movement supports sells. The main ADX line must also be rising and above a minimum threshold of 20, intended to require sufficient trend strength. The document does not specify the instruments, chart intervals, or any performance testing.

Position management includes trailing and an option to take half the profit once. When that option is enabled, a configured take-profit level acts as the trigger for closing half the position rather than closing the entire trade; the remaining position is then closed if its stop loss is triggered. This behavior changes the usual meaning of the take-profit setting, so the parameter needs careful interpretation. The description explains the EA’s rules but provides no evidence that they are profitable or robust.

Key ideas

• Buy and sell entries depend on the MACD main and signal lines moving in the matching direction over configured bars.
• The main ADX line must be rising and above 20 for an entry.
• The EA includes trailing and an optional one-time partial profit close.
• With partial profit taking enabled, the take-profit level triggers a half close, while the stop loss can close the remainder.
• The document gives no backtest results or instrument-specific guidance.

Tags

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