MACD alligator FOREX strategy

Forex strategy using MACD for entry timing and alligator forex indicator to identify trend. This is a conservative forex strategy with good risk reward ratio. Trading might get tricky in extremely volatile and/or ranging market. However, indicators are doing a good job in filtering out a lot of unsuitable signals.

 

Used forex indicators

MACD (moving average convergence divergence) 4,16,9

Alligator forex indicator (39,24,15)

 

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.

 

Buy: 

 

Alligator lines are clearly separated and untangled. Lined from top to bottom: green, red, blue

After a series of negative value MACD histogram bars, firs bar closes above zero (positive value). We enter long immediately on candle close.

Stop loss is place below latest swing low, before our signal. If hesitant, use fractals forex indicator and place SL at latest bullish fractal.

Take profit:

A: Green alligator line crosses red.

B: First negative MACD histogram bar is closed.

 

Sell: 

Alligator lines are clearly separated and untangled. Lined from top to bottom: blue, red,green

After a series of positive value MACD histogram bars, firs bar closes below zero (negative value). We enter short immediately on candle close.

Stop loss is place above latest swing high, before our signal. If hesitant, use fractals forex indicator and place SL at latest bearish fractal.

Take profit:

A: Green alligator line crosses red.

B: First positive MACD histogram bar is closed.

Please reload

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