Alligator and fractals forex strategy

Fractals can be easily used together with pending orders, providing great entry opportunity. Due to the wave geometry of the market, they can identify good entry price in any time frame and currency pair. This becomes especially beneficial when we connect them with good trend identifying tool.

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This system uses alligator and trailing stop to take advantage of every single entry. We will use trailing stop following the winning trade, but not as only method. The system allows setup of predefined take profit.

 

We have tested this forex strategy on historical data since 2003 with positive results. Strategy is brought to you together with free expert advisor.

 

Used tools and indicators

Alligator forex indicator (600,400,250) Primary trend identification tools. All trades must be opened in the direction of trend.

 

Fractals, fractal wave. Pending order is placed in the direction of trend at the last closed fractal marked price.

 

Trailing stop: Trailed with each candle close. Initial position is at the candle high/low but additional distance can be applied (extra deviation for trail stop 50 pips).

 

Stay valid (3 days): How long will untriggered pending order remain valid.

 

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.

 

Forex strategy rules

SELL

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

We place pending sell stop order at price marked by last closed up fractal.

Order will remain valid for 3 days.

 

After the entry we place trailing stop 50 pips above the high of last closed candle. It is adjusted with each following candle only in the downward direction.

 

Upon the entry target profit is also placed:

 

BUY

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

We place pending buy stop order at price marked by last closed down fractal.

 

Order will remain valid for 3 days.

 

After the entry we place trailing stop 50 pips below the low of last closed candle. It is adjusted with each following candle only in the upward direction.

 

Upon the entry target profit is also placed:

Get MT4 expert advisor trading this forex strategy

 

For best results, 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.

 

 

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.

 

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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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