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)
- 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