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.
