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Forex Software → Forex Strategy Builder (legacy) → ADX and ADI+ Opening Logic Conditions confusion
In the attached strategy, I notice that bar 340 to 341, the opening logic condition for an ADX rising is true, but the ADX+ goes down. A short position is created as a result. However, the way I understand the Opening Logic conditions, ADX must be FALLING and ADX+ must be falling in order to enter a short position. Why is this the case?
...I notice that bar 340 to 341...
Please make a screenshot or screenshots of where do you think it is going south, mark the troublesome points and post them.
Here is Bar 341 which shows ADX at 2.77956 and ADI+ 16.4241
Here is Bar 342 which shows ADX at 2.85391 and ADI+ 16.2285
ADX goes up from bar 341 to 342 according to opening logic rules. But ADI+ goes down approx .22
Per Opening Logic Rules on this strategy, both ADX and ADI+ must be up. So I don't understand
I had make an error in identifying the bars in my previous post. But you can see by the screenshots the correct bars in question.
Thanks for your help, Footon
Nothing wrong there fortunately. If you look at the signals ADX is giving, there are only 2 kinds of them - yes/yes or no/no. In your case ADX rises, satisfying the logic, and giving a go-ahead for a position to be opened. The reason behind it is in the nature of the ADX indicator - it measures the strength, not the direction. In your strategy ADX confirms trend strength while ADI+ indicates direction.
Hope this makes sense to you! 
Let's wander off topic a bit 
, I see you're doing rather well in strategy development, have you tested strats live as well? If the answer is yes, how are results compared to initial backtests?
Footon,
Thanks for your reply.
It makes sense from your explanation. Yet, according to the FSB logic "mirror" rules, I thought it would go short (opposite) if ADX falls and if DI+ falls, qualifying it for the "no/no" observation you indicated. DI+ does fall, but the ADX is rising. I understand though the that the DI is a subcomponent of the ADX, so, it does make sense that the condition is opened and then it take the position of the DI+ mirror logic (falls -- goes short). But this subcomponent rule is not independently calculated; one indicator is up, (the ADX), the other is down (DI+). Both have to be in the same direction according to FSB logic.
Nothing wrong there fortunately. If you look at the signals ADX is giving, there are only 2 kinds of them - yes/yes or no/no. In your case ADX rises, satisfying the logic, and giving a go-ahead for a position to be opened. The reason behind it is in the nature of the ADX indicator - it measures the strength, not the direction. In your strategy ADX confirms trend strength while ADI+ indicates direction.
Let's wander off topic a bit
Nothing live at the moment. But my objective is to develop strategies, port them over to FST, trade them with MT5 to zulutrade, first as demo, then live. However, the 10 signal providers already I have on my demo zulu have done better than I have anticipated on a 100:1 account, using fxtrade.oanda.com as a hedge account.
If there are FST on zulutrade, it'd be greate to know about them!
The strategy I uploaded works on the time frames (6/10 - 9/10) Year 2010 for EUR/USD, USD/CHF and GBP/USD pretty nicely.
I understand that this is an old system but I'll try this out and see if this still works.
Forex Software → Forex Strategy Builder (legacy) → ADX and ADI+ Opening Logic Conditions confusion
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