This system is about aggression and averaging with fractional lot size (compared to standard) .This method can help you to get a better price for your entry. Also, two alligator lines and momentum candle signal are used to provide strategical and statistical edge for this trading system.
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Correct trend identification alone is what can break or make the system. Regardless of the trading signal, correctly identified market direction n can increase entry accuracy by 10 to 30 percent. This alone can create a difference between getting 90 cents for each dollar you invest or getting 1,20 USD for each 1USD you invest.
With this trading system, simple entry signal is used. We will be looking for Candle confirming the trend and thus providing us with good momentum signal to enter the trade.
System was tested for profitability on historical data since 2003 (eurusd 4H). Results were not replicated in tick data.
Used tools and indicators
Alligator (130,80,50 and 13,8,5) slow and fast alligator. Slow one identifies main market direction (main market cycle, trend). The fast one helps us to avoid market reversals and confirms immediate trend direction. Both alligator must be in confluence to allow the entry.
Big candle signal (10 tp 150 pips body range): Candle with defined body range closing in the main and current trend direction. Confirms immediate momentum. Signal candle. We enter the trade on its close.
Liquidation method: We close trade either in overall profit 5 USD or loss -60 USD. Expert advisor can only be used per one currency on account. also do not use any other forex strategy when using it.
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Forex strategy rules
Slow alligator: All lines aligned from slowest at the top to fastest at the bottom. Lines remain untangled and clearly separated. Same goes for fast alligator.
Slow alligator: All lines aligned from slowest at the bottom to fastest at the top. Lines remain untangled and clearly separated. Same goes for fast alligator.
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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.