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Frode L. Aschim wrote:
>
> Dear fellow traders,
>
> ....I tried using ADX, however I found it to exclude
> to many profitable trades. However, I used a simple ADX rule which I first
> read in the old classic "Technical Analysis of the futures markets" by
> Murphy (I think that was the title) where I programmed my system only to do
> trades if the ADX was above a certain number. There may be other better
> ways of using the ADX?
>
Some people suggest using the criteria, if ADX is increasing the mkt is
trendy, if ADX if decreasing it is choppy, rather than a particular
level for ADX as a cutoff.
Conrad Bowers
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