This Dow Jones trading strategy is designed for US30 Index and utilizes multiple technical indicators, including ADX, Stochastic Signal, Standard Deviation, and RSI, to identify optimal entry and exit points. It operates on a trend-following and momentum-based approach, incorporating predefined stop loss and take profit levels.
- Entry Volume: 10.00 lots per trade.
- Stop Loss: 3200 pips.
- Take Profit: 9700 pips.
- Indicators Used:
- ADX (Average Directional Index): Period of 8, Level of 15.0. The ADX indicator (set to a period of 8) helps gauge market trend strength.
- Stochastic Signal: %K period = 3, %D period = 12, Slowing = 2. The Stochastic Oscillator is used to detect overbought or oversold conditions.
- Standard Deviation: Period of 25, Level of 218.0000. The Standard Deviation indicator assesses market volatility.
- RSI (Relative Strength Index): Period of 26, Level of 29. The RSI indicator serves as a momentum filter.
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robots.
Disclaimer: This Dow Jones Trading Strategy is for educational purposes and is free to download. Get the Trading EA and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.