Description
The PZ ADX Trader EA is a versatile and powerful Expert Advisor for MetaTrader 4/5 that uses the Average Directional Index (ADX) indicator to identify trend strength and execute trades accordingly. With four distinct trading strategies and a wide array of customizable parameters, this EA offers users full control over their trading approach.
Entry Strategies
The EA includes four ADX-based strategies, each of which can be enabled or disabled independently:
ADX Strength Entry
- Opens trades when ADX is above 25, signaling a strong trend
- Direction is determined by the +DI and -DI lines
Fractal Breakout + ADX
- Trades breakout of price fractals only when confirmed by ADX trend strength
- Direction based on DI line dominance
+DI/-DI Crossover with ADX Level
Places trades on DI crossovers, but only if ADX confirms trend strength
+DI/-DI Crossover Only
Trades based solely on DI line crossovers regardless of ADX strength level
Money Management Modes
You can choose between four different ways to manage your position sizing:
- Fixed Lot Size - Manually define a specific lot size for each trade
- Auto Lot Size (% Risk) - Automatically calculates lot size based on a fixed percentage of your account balance
- Martingale - Doubles the lot size after a losing trade
- Inverse Martingale - Doubles the lot size after a winning trade
Position and Trade Management
Set and control how the EA manages open positions:
- Define Stop-Loss, Take-Profit, Break-Even, and Trailing-Stop levels
- Configure Trailing-Step for more efficient trailing
- Choose trade direction: long only, short only, or both
Time & Weekday Filters
Restrict trading to specific hours of the day or days of the week. Helps avoid market noise during low liquidity or news-heavy periods
Broker Compatibility
- Works with both ECN and Non-ECN brokers
- Compatible with 2-digit to 5-digit price feeds
- Can be configured to comply with NFA/FIFO rules
Additional Settings
- Set a magic number to track trades opened by this EA
- Add custom comments to trade orders
- Manually define the pip value if needed (not recommended unless necessary)
Important Note
This EA is a flexible trading tool, not a plug-and-play solution. Its success depends on proper parameter tuning for each symbol and timeframe. Use the Strategy Tester to optimize settings before running it live.
Disclaimer
This Expert Advisor (Robot) is a tool for automated trading and is designed to execute trades based on predefined rules. It does not constitute financial advice, investment recommendation, or any guarantee of profits.
Automated trading involves a high risk of loss and can result in the loss of your entire capital. Factors such as slippage, technical failures, changing market conditions, and broker execution can significantly affect performance. Past performance is not indicative of future results. No robot is foolproof.
Use this Expert Advisor at your own risk and only with money you can afford to lose.
For complete details, please read our Terms and Conditions.
