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
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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.