The ADX + MA Metatrader 4 Forex Robot is an algorithmic trader whose strategy is based on the average directional index (ADX) and the moving averages indicator.
When opening positions, the ADX + MA forex robot will do so in the direction of the strong trend, thereby minimizing risk and increasing profit potential.
To filter false signals, the ADX + MA expert advisor will deploy its ADX component to check for trend power, as well as trend direction.
Finally, buy or sell market signals finally gets triggered when price closes above and/or below the moving average.
Free Download
Download the “MADX-07.mq4” MT4 robot
Strategy Tester Report
Find below the ADX + MA robot strategy tester report for the EUR/USD forex pair on the 1-Hour chart.
Overall Performance
The EA made a total profit of $1533.37 from a total of 106 trades. The largest winning trade generated $44.65 in profits, while no loss was being reported during the testing period.
Statistics:
Bars in test: 3293 ticks modelled
Initial deposit: $2000.00
Total net profit: $1533.37
Total trades: 106
Largest profit trade: $44.65
Largest loss trade: -$0.00
Consecutive wins: 106
Consecutive losses: 0
Download
Download the “MADX-07.ex4” Metatrader 4 robot
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: dProfit, maPerBig, ModeBig, appPriceBig, maPerSmal, ModeSmal, appPriceSmal, maDif, advPeriod, appPriceAdx, advLevelMa, advLevelPI, advLevelMi, TakeProfit, UseMM, PercentMM, lots
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: ADX | MA
Installation
Copy and paste the MADX-07.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)