The ADX is definitely a great filter, I have it in quite a lot of my SQX strats. Even on full random data mining mode without a template the ADX shows up in quite a lot of the SQX strats which also suggests its a very strong filter.
Sir I am new to tht arena ....I am from India. First time I saw your video - crispy & clear . I have no technical expertise but if I still want to buipd my own strategies -is tgat possible? Is tgat possible to learn from you?
Yes you can!, you can trade 30min time frame and use ADX on daily time frame as a filter, also you can use ADX on 30min timeframe, keep in mind it will calculate the trend on 20 bars, so that is last 10 hours so noise will be there depending on your active session
I tried using the algowizard to build a strategy where adx is on the daily while the rsi for entry is on the h1, just for the fun of it. The backtest dun seemed to work..
you need to set two charts, and if you are using intraday and daily then the daily indicator has to be shifted by 1, because if you are trading RSI today say at 11am, the adx on daily today (shift 0) is still not done, so you need to use ADX on daily (Shift 1)
@@StatOasis still trying to find a strategy that has between 50 to 100 trades a year on sp500. Currently there r just so little trades on daily TF. Maybe this might help
Hi Ali, what do you think would be better to test as a filter for an opening range intraday breakout strategy, ADX or ATR? Thank you for the great content! 😃
Needless to say, only testing will reveal the best indicator, but I use ADX a lot, but not in the manner that I show on videos for simplicity. I am compiling a number of filters and will offer it as free download soon.
@@StatOasis Thank you Ali, I'm finding it difficult to find relevant filters for my intraday methods. I'm looking for something related to contraction/expansion.
@@StatOasis Hi Ali, I'v tried to create this same EA on your platform but for some reason it wouldnt work like your EA maybe I got the settings wrong anyway i was wonder if you could kindly share the mt4 ex4 file for this EA because i love it . im sure you can created better then this one but for me this is awesome.
I love your videos and am keen to try some testing. I have 4 quick questions (1) what asset was that tearing on? Was it ES? And would it have similar results on SPY or QQQ? (2) how many years was the test! (3) as it’s a long (buy the dip) strategy, does it matter which DI is on top? (4) I’d love to use that software … do you offer any training and what is the fee for data? Thanks
SPY & ES are derived from same index but they do have differences and it will show up when you build strategies but simpler strategies will yield similar results on both. Even though QQQ is correlated with SPY the above applies. Software is SQX, you can import data for free or use their data about $300 per year, they do have monthly packages
As filters of the market regime from what I have learned are the SMA, ATR and ADX. However, if for example I operate a strategy of a 1H timeframe and I want to put on an SMA filter, this has to be based on 1H or would it be better if it was based on a higher timeframe to avoid noise? and on the other hand, the code of the SQX strategies can be modified manually? Regards Ali, you make exceptional content
it is better to use daily timeframe to have less noise in the filter, however think outside the box, combine both 30m and daily, or 30m and 12H. You can modify SQX code manually in Algo Wizard
Smashing the like button, in ADX terms with a strong 50 plus like force on my finger, in positivity for your ADX trend filter. For a deep dive into the ADX, read the first-rate book ADXcellence by C. Schaap to discover the amazing nuances of this amazing indicator. Welles Wilder, RIP, what a technical indicator savant in creating this indicator used by a countless number of traders across the wor!d. TY for sharing your luminous ADX presentation.
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The ADX is definitely a great filter, I have it in quite a lot of my SQX strats. Even on full random data mining mode without a template the ADX shows up in quite a lot of the SQX strats which also suggests its a very strong filter.
You are right it does show up a lot in data mined strategies
Great. Thank you. I will add the ADX filter to all of my trend following strats
You can use it for mean reversion also
@@StatOasis great. Thanks for that tip too
Sir I am new to tht arena ....I am from India. First time I saw your video - crispy & clear . I have no technical expertise but if I still want to buipd my own strategies -is tgat possible? Is tgat possible to learn from you?
You can download a fully functional trial Go.StatOasis.com/sqx
Then follow my beginner playlist to learn
Thanks for sharing and explaining ADX settings to test with. Going through all your great videos. 👏👏
ADX is one of my favourite filters. Thank you for watching
Another great indicator to use add when creating strategys, And always nice to know how it works and how its calculated thanks!!
My pleasure!
thank you for your video? Could I use this filter for 30 minutes or less strategies?
Yes you can!, you can trade 30min time frame and use ADX on daily time frame as a filter, also you can use ADX on 30min timeframe, keep in mind it will calculate the trend on 20 bars, so that is last 10 hours so noise will be there depending on your active session
I tried using the algowizard to build a strategy where adx is on the daily while the rsi for entry is on the h1, just for the fun of it. The backtest dun seemed to work..
you need to set two charts, and if you are using intraday and daily then the daily indicator has to be shifted by 1, because if you are trading RSI today say at 11am, the adx on daily today (shift 0) is still not done, so you need to use ADX on daily (Shift 1)
@@StatOasis thank you so much. That was helpful. I haven tried it but it make sense.
@@StatOasis still trying to find a strategy that has between 50 to 100 trades a year on sp500. Currently there r just so little trades on daily TF. Maybe this might help
thanks for sharing the great knowledge, pl share about DMI.
Will add to post ideas
Hi Ali, what do you think would be better to test as a filter for an opening range intraday breakout strategy, ADX or ATR? Thank you for the great content! 😃
Needless to say, only testing will reveal the best indicator, but I use ADX a lot, but not in the manner that I show on videos for simplicity. I am compiling a number of filters and will offer it as free download soon.
@@StatOasis Thank you Ali, I'm finding it difficult to find relevant filters for my intraday methods. I'm looking for something related to contraction/expansion.
@@StatOasis Hi Ali, I'v tried to create this same EA on your platform but for some reason it wouldnt work like your EA maybe I got the settings wrong anyway i was wonder if you could kindly share the mt4 ex4 file for this EA because i love it . im sure you can created better then this one but for me this is awesome.
Do you have clear evidence that adding ADX improves the Connor RSI's performance?
Tssting is your best evidence
I love your videos and am keen to try some testing. I have 4 quick questions (1) what asset was that tearing on? Was it ES? And would it have similar results on SPY or QQQ? (2) how many years was the test! (3) as it’s a long (buy the dip) strategy, does it matter which DI is on top? (4) I’d love to use that software … do you offer any training and what is the fee for data? Thanks
SPY & ES are derived from same index but they do have differences and it will show up when you build strategies but simpler strategies will yield similar results on both.
Even though QQQ is correlated with SPY the above applies.
Software is SQX, you can import data for free or use their data about $300 per year, they do have monthly packages
@@StatOasis thanks Ali. Just a followup - am I right to assume the ADX just needs to be above 20 and the trend could be either up or down?
ADX above 20 shows trend strength
DI+ > DI- is up trend
what's the best way to look back and learn from a winning or losing trade? what method do any of you guys use?
A single trade has no value, you need to look at all trades to get a significant conclusion.
Robustness testing will give you that information
What is SQX strats -where do I get that or build that!!
Go.StatOasis.com/sqx
As filters of the market regime from what I have learned are the SMA, ATR and ADX. However, if for example I operate a strategy of a 1H timeframe and I want to put on an SMA filter, this has to be based on 1H or would it be better if it was based on a higher timeframe to avoid noise? and on the other hand, the code of the SQX strategies can be modified manually?
Regards Ali, you make exceptional content
it is better to use daily timeframe to have less noise in the filter, however think outside the box, combine both 30m and daily, or 30m and 12H.
You can modify SQX code manually in Algo Wizard
I also like to use ADX for for the purpose of market type detection. What other market regime filters do you guys recommend for this purpose?
Volatility is also a great filter, like ATR
cok tessekürler Ali
glad you like it
What about taking the short size trading ES.d with adx and rsi 2?
the RSI2 on ES is a LONG strategy, but ADX works both ways as it is measuring the strength of the trend on Long and Short side
Nice explain
Thanks and welcome
What platform is used for testing?
Go.StatOasis.com/SQX
They have full trial for 15 days
what app can i use to set an alert when a financial instrument pushes above 19 DI
all charting platforms have the ability to send alerts. you can use online free platforms like TradingView to start
Excellent!
Glad you liked it!
best
thank you for watching
This guy is not teaching the secrets. :D
Smashing the like button, in ADX terms with a strong 50 plus like force on my finger, in positivity for your ADX trend filter. For a deep dive into the ADX, read the first-rate book ADXcellence by C. Schaap to discover the amazing nuances of this amazing indicator. Welles Wilder, RIP, what a technical indicator savant in creating this indicator used by a countless number of traders across the wor!d. TY for sharing your luminous ADX presentation.
It's always on top of my filter list
ليش ما تحجي عراقي 🙂