Simple Forex System Trading

AutoConnect is designed to combat dangerous impulse trading decisions by allowing users to autotrade with a portfolio of 300 automated systems.  When a trader chooses a strategy that suits their style, the buy and sell signals for that system automatically open real trades in their FX Solutions live account whenever a trade signal is generated.

The software allows Forex traders to control their trade size and risk tolerance independently for each system they subscribe to.  Customers can also combine multiple systems to create their own unique portfolio.

via FX Solutions Helps Traders Eliminate Forex Guesswork With AutoConnect – MarketWatch.

‪1 2 3 Trend Reversal Pattern – Day Trading Forex Live‬‏ – YouTube.

Just came across this expert adviser and thought I’d share it here.  I did not use it so I did not know how it performed.  Test it in demo account first.

This SILVER EA start trading one hours after NewYork session closing and opens trades for one hours. Open time duration for each trade is maximum 80 minutes.

 

 

via SILVER EA FOREX SYSTEM.

 

If ADX is traded below 20, there is no trend or the trend is weak; therefore, a non-trend-following strategy could be used.

If ADX is traded above 20 but below 40, it is time to apply trend following methods.  An example would be trading moving averages or trading with Parabolic SAR indicator.

When ADX reaches 40 level, it suggests an overbought/oversold (depending on the trend) situation on the market.  It is time to protect some profits or move stop loss order to break-even.

When ADX passes 40 level, it is a good time to begin collecting profits and gradually scaling out of the trades on rallies and sell-offs and protecting remaining positions with trailing stops.

ADX -/+ DI lines are used for spotting entry signals.  All -/+ DI crossovers are disregarded while ADX remains below 20.  Once ADX peaks above 20 a buy signal occur when +DI (green) crosses upwards and above -DI (red).  A sell signal will be the opposite: +DI would cross -DI downwards.

ADX indicator is never traded alone, but rather in combination with other indicators and tools.  ADX indicator, most of the time, gives much later signals comparing to faster reacting moving averages crossover or Stochastic; however, reliability of ADX indicator is much higher than for other indicators.