Alas, interest fell, and I discontinued, but you can still download all of the ADX robots in a zip file here, as well as search for ADX on this website at the top left to see the ADX related posts.
Interest is picking up again, so I threw together another ADX based robot using multiple time frames, ran it through the optimizer, and here are the results, using a modest lot size:
(Back test on 60 minute EURUSD chart, 1-1-2011 to 1-1-2012)
A reasonable equity curve, 46% return over the year, 90% win rate, and averages 11 consecutive wins to 1 loss.
The wins are small, however, and the losses large - about 5 times the average win. But the win rate makes this robot profitable over all.
Always be aware of robots with high accuracy rates - you may find they have small win rates also. Or perhaps this is just something that occurs with mine!
The stop loss is set at 80, which is quite large - I generally prefer my robots with smaller stop losses, although back test optimization's usually suggest higher values - I'm guessing to allow rogue trades to come back into profit.
Alas, it fails miserably on GBPUSD and AUDUSD. This indicates that it is probably not a great strategy over all, and will fail if you demo test it.
The strategy is uses is to look for a trend using ADX on 3 time frames (by default the hourly, 4 hour, and daily time frames), then open trades on pull backs to the trend defined by the stochastic indicator.
Absolutely do not run this robot (or any of my robots) on a live account!
Download it here.
