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ADX

Use the ADX indicator to determine when to buy and sell. This indicator measures the strength of a trend, allowing Gunbot to buy during strong uptrends and sell during strong downtrends. Gunbot uses ADX together with Directional Index.

ADX is a popular technical analysis tool used by traders to identify trends in the market. It is calculated using a series of calculations that take into account the highs and lows of price movements over a specified time period. Generally, an ADX reading above 25 indicates a strong trend, while a reading below 20 suggests a weak trend. The ADX can be used in conjunction with other indicators to confirm trading signals and help traders make informed decisions.

How to work with it​

Buy method conditions​

Buy allowed when ADX value exceeds 'ADX level' and DI+ is above DI-.

Sell method conditions​

Sell allowed when ADX value exceeds 'ADX level' and DI- is above DI+.

info

Gain protection is optional for this method.

Be aware that this can lead to sell orders below your break-even point.

Trading example​

Example of how trading with this strategy can perform. Details and settings.

The infographic below describes what triggers trades with this strategy.

Buy settings​

Buy settings are the primary trigger for buy orders. These parameters control the execution of buy orders when using adx as buy method.

Buy enabled​

Set this to false to prevent Gunbot from placing buy orders.

Buy Level​

This sets entry point for TAKE_BUY at a percentage below the lowest EMA.

When you set this to 1, the entry point will be set 1% below the currently lowest EMA.

Sell settings​

Sell settings are the primary trigger for sell orders. These parameters control the execution of sell orders when using adx as sell method.

Sell enabled​

Set this to false to prevent Gunbot from placing sell orders.

Gain​

This sets the minimum target for selling when DOUBLE_CHECK_GAIN is enabled.

Indicator settings​

Relevant indicators for trading with ADX

These settings have a direct effect on trading with adx.

Period​

This sets the candlestick period used for trading, this affects all indicators within the strategy.

Only use supported values. The trading settings editor suggests valid values for the selected exchange..

Setting a short period allows you to trade on shorter trends, but be aware that these will be noisier than longer periods.

ADX Level​

Sets the minimum trend level that needs to be reached for orders to be allowed.

When set to 25, trades will be placed as soon as ADX is 25 or higher.

DI Period​

Sets the number of candles used to calculate ADX.