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RE: Crypto Academy / Season 3 / Week 7- Homework Post for [@kouba01] | Trading Crypto With Average Directional Index (ADX) Indicator

in SteemitCryptoAcademy3 years ago

Hello @monz122,
Thank you for participating in the 7th Week Crypto Course in its third season and for your efforts to complete the suggested tasks, you deserve a 3/10 rating, according to the following scale:

OriginalityCompliance with topicConsistency of methodQuality of analysisClarity of structure & language
(0.25/2)
(1/2)
(0.5/2)
(0.25/2)
(1/2)

My review :

  • Your answer to the first question lacks coherence between the paragraphs due to the absence of a clear methodology.

Now we will be checking for 3 PERIODS Whereas other DX ARE 70 AND 40

  • How did you get these two results for your last Dx, were they calculated or randomly selected?

So preferably traders like us looks for longer periods to avoid the wrong signals.

  • The selection of indicator period settings depends on the chosen trading system and the type of trader. A higher indicator period is reliable but takes time to give signals, while a lower indicator period generates a quick indicator crossover and sometimes generates unreliable trend information.

  • Your explanation for detecting false signals wasn't deep, just you gave the general idea without going into details.

  • A superficial explanation of two methods of trading with ADX indicator, as you confined to stating generalities without going into more details.

Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01

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