Direction Movement Index Trend strategy

Trading Strategies 0 1,006


Summary : 

Direction Movement Index Trend strategy is based on the trend indicators.

 

Metatrader Indicators : 

- Directional Movement Index (D+ D-, 14 periods),

- Weight Moving Average (5, Close),

- Simple Moving Average (11, Close),

- Parabolic Sar (0.1 0.01)

 

Trading Conditions

- Chart Timeframe : 15 Minute.

- Currency Pairs : EURUSD, GBPUSD, AUDUSD, USDCHF.

 

Long Position Entry : 

1.     5 WMA is greater than 11 MA,

2.     PARABOLIC SAR below the candles,

3.     ADX DI+ positive is greater than DI- negative.

 

Short Position Entry : 

1.     5 WMA is less than 11 MA,

2.     PARABOLIC SAR above the candles,

3.     ADX DI- negative is greater than DI+ positive.

 

Re Entry : 

1.     SAR gives a signal again in the older direction of the trend.

2.     The crossover of the moving average determines the trend.

 

Exit Rules : 

- Profit Option : Parabolic SAR signal in opposite direction.

- Stop Loss Option : Previous swing.

 

How to install Files?

- Download *.zip file.

- Copy tpl file (Template) to your Metatrader Directory / templates /

- Start or restart your Metatrader

- Select Chart and Timeframe where you want to test your forex strategy

- Right click on your trading chart and hover on “Template”

- Move right to select Template

- You will see Trading System strategy is available on your Chart

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