The ADX Crossing Forex Signal indicator for Metatrader 5 is a powerful dots trading system that offers reliable trading signals to currency traders.
ADX stands for Average directional movement index.
The indicator presents a colored dots trading system that alternates between a clear buy signal and sell signal.
How to trade with the ADX Crossing indicator?
- A colored green dot generates a buy trade.
- A colored purple dot generates a sell trade.
The indicator works equally well for newbies and seasoned traders alike.
The indicator contains the following inputs and parameters: ADX period (50).
Make yourself familiar with this technical indicator and test it first on a demo account before applying it to a live account.
It supports all time frames and Forex pairs.
Free Download
adxcrossing.mq5 Indicator (MT5)
Chart Example
The following chart shows what the ADX Crossing Forex Signal indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The ADX Crossing Signal Indicator?
Find a simple trading strategy below:
Buy Signal
- A buy signal is generated when the green colored ADX Crossing dot gets shown in the chart.
- Open a buy transaction and place your stop loss below the most recent support level.
- Exit the buy trade for a fixed pip profit target, or wait for a sell signal.
Sell Signal
- A sell signal is generated when the purple colored ADX Crossing dot gets shown in the chart.
- Open a sell transaction and place your stop loss above the most recent resistance level.
- Exit the sell trade for a fixed pip profit target, or wait for a buy signal.
