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