Unlike the previous system, this strategy gets aggressive. It uses same liquidation methodology (SAR trail stop) opening up to 5 trades per direction. As with other trading systems, strategy aggression and therefore risk, can be adjusted by manipulating the signal frequency and lot size.
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To identify the trend – which is crucial in aggressive trail stop system, alligator indicator is used. The signal is based on strong bullish /bearish candle with defined size. After the entry, trailing stop is placed at last closed sar dot. TS is the only method of closing the trade with this trading system.
The strategy was tested on high quality historical data since 2003 confirming its profitability. Expert advisor trading according to its rules is provided by theforexkings.com.
Used forex tools and indicators
Alligator forex indicator (130,80,50). Main trend identification tools. All lines must be aligned according to trend for us to enter the trade. All trades are following this trend.
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SAR parabolic (step 0,02, max 0,15). Trailing stop is placed according to SAR dot. Extra distance 20 pips will be applied for better results (covering volatility).
Signal candle (min 40/max 150 pips range) The strong bullish bearish candle that confirms immediate momentum direction. It will be more likely for TS to move to break even position earlier.
Forex strategy rules
All alligator lines aligned according to downtrend. Clearly separated, untangled. These conditions are necessary for us to even consider the short entry.
Price closing below the SAR dot, with specific body width bearish candle (in test 40 – 150 pips).
Trailing stop is placed at last closed SAR dot + extra distance of 20 pips.
All alligator lines aligned according to uptrend. Clearly separated, untangled. These conditions are necessary for us to even consider the long entry.
Price closing above the SAR dot, with specific body width bullish candle (in test 40 – 150 pips).
Trailing stop is placed at last closed SAR dot - extra distance of 20 pips.
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Disclaimer: 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.