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High Low With ADX Forex Trading System
The high low with ADX is a forex trading strategy system that uses a daily timeframe. This method is based on dyn support and resistance and ADX indicators. This system is suitable in all currency pairs.
MT4 Indicators:
- dyn Support and resistance
- ADX13 (d+, d- With 3ema)
ENTRY:
- Long entry: d+>d- ADX>3Ema
- Short entry: d->d+ ADX>3Ema
Wait for the daily candle to close. Enter long 3 pip above the red dot of the closed candle and short 3 pip below the blue dot of that candle. You should use pending orders to ensure you enter at the correct price. Add the spread to pending orders when looking to go long.
Exit at close next bar.
Exit with Profit Target:
AUD/USD, USD/CAD, USDCHF, USD/JPY 60 pips,
EUR/USD 70,
GBP/USD,EUR/JPY GBP/GPY, 80 pips.
Stop Loss is 50-80 pips
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