ADX MACD blends trend strength from the Average Directional Index with momentum shifts from MACD.
When ADX is rising, breakouts have a higher chance of continuing, especially if MACD crosses in the same direction.
The strategy trades those aligned signals and exits once ADX starts to weaken or MACD flips against the position.
A modest percent stop contains losses during choppy markets.
Entry Criteria: indicator signal
Long/Short: Both
Exit Criteria: stop-loss or opposite signal
Stops: Yes, percent based
Default Values:
CandleType = 15 minute
StopLoss = 2%
[*]Filters:
Category: Trend following
Direction: Both
Indicators: ADX, MACD
Stops: Yes
Complexity: Intermediate
Timeframe: Intraday
Seasonality: No
Neural networks: No
Divergence: No
Risk level: Medium