This strategy uses ADX Donchian indicators to generate signals.
Long entry occurs when ADX > AdxThreshold && Price >= upperBorder (strong trend with breakout up). Short entry occurs when ADX > AdxThreshold && Price <= lowerBorder (strong trend with breakout down).
It is suitable for traders seeking opportunities in mixed markets.
- Entry Criteria:
- Long: ADX > AdxThreshold && Price >= upperBorder (strong trend with breakout up)
- Short: ADX > AdxThreshold && Price <= lowerBorder (strong trend with breakout down)
- Long/Short: Both sides.
- Exit Criteria:
- Long: Exit position when ADX falls below (threshold - 5)
- Short: Exit position when ADX falls below (threshold - 5)
- Stops: Yes.
- Default Values:
- AdxPeriod = 14
- DonchianPeriod = 5
- StopLossPercent = 2m
- CandleType = TimeSpan.FromMinutes(5)
- AdxThreshold = 10
- Multiplier = 0.1m
- Filters:
- Category: Mixed
- Direction: Both
- Indicators: ADX Donchian
- Stops: Yes
- Complexity: Intermediate
- Timeframe: Intraday
- Seasonality: No
- Neural networks: No
- Divergence: No
- Risk Level: Medium