A single and simple ADX-DMI indicator system with Great Metrics

Lets examine a single indicator simple system using the Build Alpha software.

Lets see the single ADX-DMI indicator rules

1. ADX above a threshold level

2. ADX line rising

3. 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.