top of page

Alligator and RSI scalping FOREX strategy

Alligator is an amazing forex indicator, especially when it comes to finding stable trending conditions. While alligators line remain untangled and straight, trending conditions can be considered confirmed. RSI indicator with high frequency (low calculation period) is used to find as many trading opportunities as possible within the trend. Stop loss remains tight and profit target is relatively conservative, however strategy allows to take profit even 10 times as big as average loss.

Alligator and RSI scalping FOREX strategy

Used forex indicators

Alligator – default settings

RSI (relative strength index) period 2

SMA (smoothed moving average) 200

Timeframe: anywhere between 15 min to 1 hour

Forex strategy rules

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

SELL

Alligator trending below SMA 200.

Alligator and RSI scalping FOREX strategy

Alligator lines are clearly separated and lined from top to bottom : blue, red, green

RSI rises above 70 line. We wait for first bearish candle to close. On candle close we enter the positions short, placing stop loss above the price high reached while RSI moved above 70 line.

Take profit: we wait for first closed bullish candle in profit.

BUY

Alligator trending above 200 SMA.

Alligator and RSI scalping FOREX strategy

Alligator lines are clearly separated and lined from top to bottom : green, red, blue

RSI falls below 30 line. We wait for first bullish Candle to close. On candle close we enter the positions long, placing stop loss below the price low reached while RSI moved below 30 line.

Take profit: we wait for first closed bearish candle in profit.

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com

bottom of page