The MA-ADX robot uses signals from two moving averages to initiate long and short trades in the forex market. By default, the EA goes long when the fast moving average crosses the slow moving average from below and goes short when the fast moving average crosses the slow moving average from above.
The ADX indicator is used to prevent the expert advisor from trading during range-bound markets. By default, ADX readings must exceed 25 in order to start trading signals from the MA cross-over. Traders have the ability to modify all expert advisor settings: stop loss, take profit, MA, ADX…
Download link: Click here to download the MA_Crossover&ADX.ex4 forex robot
MA-ADX EA Example (EURUSD H1)
Platform: Metatrader 4
MT4 Expert advisor (EA) type: Cross-Over trading signals