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The Black Butterfly EA uses Average Directional Movement Index (ADX) indicator to enter a trade. The EA will only enter a trade if the ADX line crosses the MainLevel from below. If at the moment of the crossover the +DI is above the -DI it enters a BuyOrder, otherwise a Sell.
ADX_Period = Averaging period for calculation (default is 14)
ADX_AppliedPrice = In this parameter you can set the Applied price. It can be any value between 0 and 6
(default is 0/PRICE_CLOSE)
PRICE_CLOSE | 0 | Close price |
PRICE_OPEN | 1 | Open price |
PRICE_HIGH | 2 | High price |
PRICE_LOW | 3 | Low price |
PRICE_MEDIAN | 4 | Median price, (high+low)/2 |
PRICE_TYPICAL | 5 | Typical price, (high+low+close)/3 |
PRICE_WEIGHTED | 6 | Weighted close price, (high+low+close+close)/4 |
MainLevel = Is the horizontal level of the ADX main line. The EA will only enter a trade by the crossover of this level. (default is 20)