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ADX, Williams %R, and EMA Trigger Logic for a Short-Term Forex EA

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Summary

The document describes a EURUSD expert advisor that combines ADX, CCI, RVI, Williams %R, and EMA signals. It can enter with a moving-average trigger, without one, or through both paths. Its suggested setup process optimizes the ADX and Williams %R strategies separately, then tunes the trigger and additional-trade options. The EA is presented as suitable for multiple timeframes, with M1 identified as the preferred one.

A backtest covers EURUSD from January 2013 to September 2014, using tick-based modeling reported at 99.90% quality. It records 513 trades and a profit factor of 3.61, but also a 74.71% maximum drawdown; the average losing trade is much larger than the average winning trade. These results are a historical test, not evidence of future performance. The report gives no out-of-sample validation, and its high drawdown and loss-management settings warrant caution when interpreting the strong win rate and net profit.

Key ideas

  • The EA combines ADX, CCI, RVI, Williams %R, and EMA signals to time trades.
  • The user can configure entries with a moving-average trigger, without a trigger, or through both modes.
  • The suggested optimization process tunes ADX and Williams %R settings separately before adjusting trigger options.
  • The reported EURUSD backtest has a high maximum drawdown despite a high proportion of winning trades.
  • The historical test alone does not establish that the strategy will perform similarly in future markets.

Tags

ForexTechnical indicatorsBacktestingRisk management

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