Forex Entropy Alligator Trend Following Strategy

Forex Entropy Alligator Trend Following Strategy

Forex Entropy Alligator Trend Following Strategy;

Forex Entropy Alligator Trend Following Strategy

This trend following trading system, we have two indicators: Alligator indicator created by Bill Williams and Entropy indicator (created by Aleksandr Pak ) which is an indicator of market strength.

Forex Indicators:

Alligator (13,8,5);

EntropyMath forex indicator (12 period with 0.001 Buy level and -0.001 Sell level).

Buy

Condition: the candles are above the Alligator indicator.

1Wait for the Alligator Lip (green line) to cross above the Jaw (blue line).

2. Wait for the Alligator Teeth (red line ) to cross above the Jaw (blue line).

3. Wait for the Entropy math 12 to cross 0.001.

4. Enter a Buy trade at the retracement on the green line.

5. Insert your Stop Loss below the most recent Swing Low.

  1. Set your Take Profit the same number of pips away from your entry price as your Stop Loss, i.e. a 1:2 or greater Risk/Reward Ratio.

Sell

Condition: the candles are below the Alligator indicator.

1Wait for the Alligator Lip (green line) to cross below the Jaw (blue line).

2. Wait for the Alligator Teeth (red line ) to cross below the Jaw (blue line).

3. Wait for theEntropy math 12 to cross 0.001.

4. Enter a Sell trade at the retracement on the green line.

5. Insert your Stop Loss above the most recent Swing High.

  1. Set your Take Profit the same number of pips away from your entry price as your Stop Loss, i.e. a 1:2or greater Risk/Reward Ratio.

In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.

For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.

How to install Forex Entropy Alligator Trend Following Strategy?

  • Download Forex Entropy Alligator Trend Following Strategy.zip
  • Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex strategy
  • Load indicator on your chart

How to uninstall Forex Entropy Alligator Trend Following Strategy?

To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.

Download Free Forex Entropy Alligator Trend Following Strategy

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