ADX Long Strategy for the Nasdaq on 30-Minute Bars

Summary

This strategy proposes long entries on the Nasdaq using 30-minute bars. It combines the directional indicator and Average Directional Index (ADX): an entry can occur when positive directional movement crosses a threshold while ADX is already above its threshold, or when ADX crosses its threshold while positive directional movement is above its own. Entries are restricted to Monday through Wednesday.

The position is closed on Thursday after a specified time, with fixed stop-loss and profit-target settings. The author presents the code as an initial contribution and suggests that its parameters could be optimized for other indices. The document gives no backtest, performance figures, sample period, or evidence that the rules are profitable. It also only describes long entries, so it does not explain how short trades or repeated entries are handled beyond disabling order accumulation. The stated stop and target values lack unit or instrument-context details, which limits interpretation and reproducibility.

Key ideas

• The setup uses ADX and the positive directional indicator to trigger long entries.
• Entries are allowed only from Monday through Wednesday.
• The strategy schedules a Thursday exit and also sets stop-loss and profit-target levels.
• The author suggests retuning parameters for other indices, but provides no test results.

Tags

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