This forex strategy looks to find suitable trend following entry using stochastic. Stochastic forex indicator helps with finding relatively good price to enter the trend following trade. This entry typically occurs on correction end (swing against the main trend).
Entry is not solely based on stochastic, but also uses low/high price candle structure that is popular since inception of freely traded markets. To identify the main trend alligator indicator is used.
Forex strategy indicators
Stochastic forex indicator (5,3,3). Stochastic will find suitable entry points. Higher possible price in for entry into the downtrend for buy position and vice versa for sell position. This will enable us to use tight stop loss and enables us to relax and not to look for high low structure on every closed candle.
Alligator (13,8,5). Alligator forex indicator will make sure that we stay on the right side of the market. It also does a good job in filtering out ranging conditions.
Forex strategy rules:
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SELL:
Alligator lines lined according to a downtrend specification, lined from top to bottom: green, red, blue. We will enter only short trades.

Signal: Both stochastic lines rising above 70 line. We wait for first candle to close below the low of previous candle.
We enter the trade short placing stop loss above the high of a signal.
Take profit:
Green alligator lines crossing red line upwards.
Enter only a first trade signal after trend identification. If first entry fails strategy recommends to try and enter one more time before disregarding the current uptrend completely.
BUY:
Alligator lines lined according to an uptrend specification, lined from top to bottom: green, red, blue. We will enter only short trades.
Signal: Both stochastic lines falling below 30 line. We wait for first candle to close above the high of previous candle.
We enter the trade long placing stop loss below the low of a signal.
Take profit:
Green alligator lines crossing red line downwards.
Enter only a first trade signal after trend identification. If first entry fails strategy recommends to try and enter one more time before disregarding the current downtrend trend completely.