How To Optimize An ADX Breakout (Amibroker Code)

Code For Free Strategies How To Optimize An ADX Breakout (Amibroker Code)

The strategy in plain English:

 

This post is about optimizing a strategy using the ADX indicator. We test the following:

  • ADX ends the day at an n-bar high
  • DI+ is higher than DI-
  • We sell when the DI+ ends below DI-

 

Click here to see the original article.

 

Amibroker code:

 

ADXdays=Optimize(“ADXdays”,40,5,50,5);
ADXhighOpt=Optimize(“ADXhighOpt”,20,5,50,5);
ADXhigh=HHV(ADX(ADXdays),ADXhighOpt);

Buy= ADX(ADXdays)>Ref(ADXhigh,-1) AND PDI(ADXdays)>MDI(ADXdays) ;
buyPrice=Close;
Sell= PDI(ADXdays)<MDI(ADXdays); //PDI is the DM+ and MDI is the DI-
sellPrice=Close ;

 

Disclosure: We are not financial advisors. Please do your own due diligence and investment research or consult a financial professional. All articles are our opinions – they are not suggestions to buy or sell any securities.

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