ADX Expert Advisor with Stops, Reversal, and Risk-Based Position Sizing

Summary

This MetaTrader expert advisor uses the Average Directional Movement Index to generate trading signals. Its two main indicator settings are the ADX smoothing period and an ADX level. The advisor can place stop-loss and take-profit orders, and trailing of positions can be enabled. A reversal option closes an existing position when an opposite signal appears.

Position size can be entered as a constant lot amount or calculated dynamically from a risk percentage per trade. The document identifies EURUSD on an hourly chart as the market and timeframe used for optimization, while explicitly cautioning that the parameters distributed with the code are not optimized. It provides no signal definition, parameter values, backtest results, or evidence that the approach is profitable. The description is therefore insufficient to reproduce or assess the strategy without inspecting the underlying implementation and conducting independent validation.

Key ideas

• The advisor uses ADX with a smoothing-period setting and a threshold level.
• It supports stop-loss and take-profit orders, with optional trailing of positions.
• A reversal setting can close a position when an opposite signal occurs.
• Position size can be fixed in lots or calculated from a per-trade risk percentage.
• The distributed parameters are identified as unoptimized, and no performance evidence is supplied.

Tags

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