Description of indicator: This strategy is based upon on a combination
of Alligator(setting 13,8,5) and DMI (parameter setting 14) a well
known indicator. Timeframe: This strategy works better in 30 minute
time frame. Currency pair: To get signals you need a trending market
so the currency pair I used is GBPJPY. Trading logic: it creates a
buying position when a new candle opens above alligator jaw and adx is
rising above 21. And it create a Selling position when position when a
new candle opens below alligator jaw and adx is rising above 21.
Method of traded Volume: I used a fixed volume of 5 lot amount to
trade with.Takeprofit and stoplos: Initial take profit is set at 50
and stoploss is 125. However ,everytime when TP is reached 21, it will
set stoploss to -10 to minimize the loss if market reverse.
of Alligator(setting 13,8,5) and DMI (parameter setting 14) a well
known indicator. Timeframe: This strategy works better in 30 minute
time frame. Currency pair: To get signals you need a trending market
so the currency pair I used is GBPJPY. Trading logic: it creates a
buying position when a new candle opens above alligator jaw and adx is
rising above 21. And it create a Selling position when position when a
new candle opens below alligator jaw and adx is rising above 21.
Method of traded Volume: I used a fixed volume of 5 lot amount to
trade with.Takeprofit and stoplos: Initial take profit is set at 50
and stoploss is 125. However ,everytime when TP is reached 21, it will
set stoploss to -10 to minimize the loss if market reverse.