Lets examine a single indicator simple system using the Build Alpha software.
Lets see the single ADX-DMI indicator rules
ADX above a threshold level
ADX line rising
DMI+ greater than DMI-
Testing this single indicator provides some awesome results and metrics on 1 HR AUDUSD chart for 1 yr.
1:1 R:R ratio based on ATR
71% win rate
65 profit factor
smooth equity curve
Here are some screenshots on Build alpha
A single and common indicator like ADX becomes great using the power of data mining through Build Alpha. The same rules applied to other currencies also look good. Check this space out for more update with rules and edits.