INFORMATION

 

This EA uses the built-in Average Directional Movement Index indicator of your MT4 platform.. ADX Cross EA performs better on EURUSD pair and H1 time frame.

 

Yellow (sell) and green (buy)arrows shows trade signals

 

METATRADER DOWNLOADS

 

Latest update: September 22, 2011

Latest version: v1.3

MT4 Expert Advisor: download

 

INSTALLATION

 

1. Shutdown your Metatrader platform

2. Copy the expert advisor file into the /experts folder of your Metatrader software (Example: C:\Program Files/MetaTrader4/experts)

 

SETTINGS MANUAL

 

user_tp: money management system takes this and minimum_lots to calculate "take profit" in dollars

user_sl: money management system takes this and minimum_lots to calculate "stop loss" in dollars

use_tp_sl: 1 to close orders using user_tp and user_sl, 0 to close orders when indicator have a opposite signal.

profit_lock: from 0.5 (50%) to 0.9 (90%). This is the profit locked once you reach take profit.

money_management: 1 money management enabled, 0 money management disabled (the EA will trade the amount of lots specified in min_lots).

min_lots: minimum lots for your orders. The EA will take min_lots as the minimum unit.

risk: percentage from free margin used in a single order if money_management is set to 1 and progression is set to 0.

progression: 0 no progression, 1 D'Alembert , 2: Martingale

 

BACKTESTS

 

You can see results from 5 different backtests below. First four backtests use same pair, same time frame, same period, same settings but different money management configuration. The 5th backtest does not use stop loss and take profit.:

• Backtest 1: use_tp_sl=1, money_management=1, progression=0, min_lots=0.1, risk=5
• Backtest 2: use_tp_sl=1, money_management=1, progression=1, min_lots=0.1
• Backtest 3: use_tp_sl=1, money_management=1, progression=2, min_lots=0.1, risk=5
• Backtest 4: use_tp_sl=1, money_management=0, min_lots=0.1
• Backtest 5: use_tp_sl=0, money_management=1, progression=0, min_lots=0.1, risk=5

BACKTEST 1

 

Test period: October 1, 2010 - March 16, 2011

Pair: EURUSD

Time frame: H1

Set file: download

Detailed report: view

 

BACKTEST 2

 

Test period: October 1, 2010 - March 16, 2011

Pair: EURUSD

Time frame: H1

Set file: download

Detailed report: view

 

BACKTEST 3

 

Test period: October 1, 2010 - March 16, 2011

Pair: EURUSD

Time frame: H1

Set file: download

Detailed report: view

 

BACKTEST 4

 

Test period: October 1, 2010 - March 16, 2011

Pair: EURUSD

Time frame: H1

Set file: download

Detailed report: view

 

BACKTEST 5

 

Test period: October 1, 2010 - March 16, 2011

Pair: EURUSD

Time frame: H1

Set file: download

Detailed report: view