adx settings

Discussion in 'Technical Analysis' started by drew4784, Feb 23, 2006.

  1. drew4784


    does anyone know of any good settings for the ADX/DM indicator for intraday trading? i previously have been using the standard (14,14) but would like to optimize it
  2. the key to technical analysis, apart from the simple trendlines, support n resistance, is back testing.

    take the data, split into sections and try not to curve fit...

    a good outcome is probably 65% winners.. if your ADX or whatever you take is giving you >80% winners then either you have stumbled across a money printing machine or its bull****..

    this advice was given to me buy a guy who has traded futures for 30 years and is a really big energy trader!!!