ADX-Regime Grid Trading with Directional Bias and Profit/Loss Exits
Summary
The Expert Advisor combines an initial buy or sell position with a protective stop order, then builds a grid of pending orders at set price intervals. It uses ADX on a configurable timeframe to choose the grid style: below 40 it places limit orders, while higher readings lead to stop orders. The relative DI+ and DI- values choose the long or short direction.
The EA can close positions and cancel pending orders at a profit target, and can optionally do so after losses exceed a configured threshold. Trading is restricted to a start and end hour, which may span midnight. The document reports parameter settings described as the best optimization results for EURUSD and USDJPY, but supplies no performance statistics or test methodology. The examples also disable the loss-close threshold, so they do not demonstrate that safeguard. The grid structure and contingent orders can accumulate exposure; the document does not discuss position limits beyond the configured number of grid lines or quantify risk.
Key ideas
- ADX below 40 selects limit orders, while higher ADX selects stop orders.
- DI+ above DI- signals a buy direction; otherwise, the strategy sells.
- The system combines an initial position and protective stop with a configurable grid of pending orders.
- Profit and optional loss thresholds can trigger closing positions and removing pending orders.
- Reported currency-pair settings are optimization examples without performance metrics or a stated validation method.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.