Mad max momentum FOREX strategy

This momentum forex strategy uses alligator forex indicator to determine trend. Entry is based on bollinger bands breakout and always follows the trend. Strategy uses advanced trailing stop, that is being adjusted after each candle close.

 

Strategy is scalable and can be adjusted to trade many different currency pair on different timeframes.

 

Used forex indicators

  • Alligator forex indicator (130,80,50). Position must be entered only in accordance with all three lines. Alligator lines must be aligned and separated according to downtrend or uptrend.

  • Bollinger bands (60) with deviation 2. Bollinger bands will define price tunnel. Breakout of either of its boundaries is considered to be an entry signal in the direction of breakout.

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 lines aligned according to downtrend from slowest at the top to the fastest at the bottom.

 

 

Price candle closing below bottom BB band. We enter the trade short immediately on new candle open.

Stop loss is placed 5 pips above previous (signal) candle high.

Take profit is determined by trailing stop. We advance it with each closed candle high (always 15 pips above it). We only move it downwards.

 

Buy

Alligator lines aligned according to uptrend from slowest at the bottom. to the fastest at the top.

Price candle closing above upper BB band. We enter the trade short immediately on new candle open.

Stop loss is placed 5 pips below previous (signal) candle low.

Take profit is determined by trailing stop. We advance it with each closed candle low (always 5 pips below it). We only move it upwards.

It is possible to reenter the trade while price closes again outside of tunnel boundaries.

 

Notes: Strategy wasn't tested, however we provide free expert advisor trading according to its rules with lots of adjustable parameters. If you find some settings working particularly well please let us know.

We recommend you to use this forex strategy with one of our trusted forex brokers (STP/ECN with MT4 bridge).

To win you must trade with broker on your side.

Dislaimer:  Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer.

TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use. 

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“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. ” 

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