Aggressive and historically profitable forex strategy. It is using averaging in controlled and calculated manner, together with powerful trend and momentum properties of alligator and BB indicator. Strategy manages to trade on the right side of the market, while using multiple entry to get a better price. Positions are promptly liquidated in overall profit /loss.
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Strategy doesn't use a predetermined stop loss or profit target. Instead, trades are closed in overall profit / loss in a bundle. This makes this forex strategy relatively safe, even though it uses averaging. Strategy was tested for profitability on historical data since 2003 with very good results and low drawdown. Strategy is provided fully together with free expert advisor trading it.
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Used tools and indicators
Bollinger bands (period 20, deviation 1). Indicator is used to draw a tunnel. Price briefly leaving the tunnel is our primary entry signal. Once it returns inside the tunnel, we enter our trade.
Max open trades 5. Strategy limits the number of opened trades to five. This makes it more predictable and safe.
Averaging conditions. If trade exist, another trade is opened only if account profit for each opened trades is less than -1(account currency)*position size (in microlots).
Close in overall profit loss: In expert advisor, do not forget to put – before defined value in max loss account currency.
Forex strategy rules
SELL
All alligator lines aligned according to downtrend. The Slowest line at the top, fastest at the bottom. Lines must be untangled and clearly separated.
Price penetrates the upper BB line. We enter the trade once it closes back inside the tunnel with next candle.
If trades exists new trade can be opened only if account profit for each opened trades is less than -1(account currency)*position size (in microlots).
BUY
All alligator lines aligned according to uptrend. The Slowest line at the bottom, the fastest at the top. Lines must be untangled and clearly separated.
Price penetrates the bottom BB line. We enter the trade once it closes back inside the tunnel with next candle.
If trades exists new trade can be opened only if account profit for each opened trades is less than -1(account currency)*position size (in microlots).
Liquidation
Take profit account currency: 40
Will close all positions when account profit reaches defined value (both short and long trades)
Max loss account currency: -100
Will close all positions when account loss reaches defined value (both short and long trades)
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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.
