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ADX and Momentum Strategy

ForexSRB | Published on the tue Jun 13, 2017 7:00 pm | 1326 Views

This is a classic trend-following strategy based on the ADX and Momentum indicators. The strategy is very easy to understand and will suit experienced as well as novice traders.

Instruments: major pairs such as EUR/USD, GBP/USD, AUD/USD, USD/CAD.

Timeframe: M5.

Indicators used:

When to buy:

When to sell:

When to exit:

As an additional filter, the EMA55 can be used. Thus, buy when the price is above the EMA55 and sell when the price is below the EMA55. 

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