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Some statistics:
Due to filter the data signals are not so often, from 1 to 3 in a week, but the percentage ofsuccessful transactions is quite good - 75% . According to the currency pair an e of ur / of usd from 1 May until 30 October strategy showed a positive result in the amount of 633 points with a drawdown to -47 points (all data points in the strategy are given for 4-plate).
The essence of the strategy is to find the entry point at the time of exit from the lateral consolidation.
- The currency pair - EUR / USD, GBP / USD, EUR / JPY The , can trade on other currency pairs, but testing was not conducted on them.
- Time interval - H1 .
- Indicators (by default already in MT4):
1) Alligator indicator - the default setting.
2) Fractals indicator
The conditions for entry into the market to buy at the rules of «Alligator and Fractals» strategy:
1) To determine the point of entry to find a period of consolidation. This will help us Alligator indicator. When lines begin to intertwine with each other - which means that the market began to consolidate.
2) forward to the emergence of fractal satisfying the following conditions Inside this consolidation:
- Fractal candle must be above the Alligator indicator.
- Fractal candle should not have points of contact with the lines of Alligator indicator.
3) At the peak of the fractal (peak) and draw a horizontal line at the touch of the prices of this line open buy order. You can use the break-order buy stop.
4) Stop-loss is set at the last fractal downward.
5) Take-profit is equal to 50-55 points. You should put a deal on a trailing stop of about 20 points.
Conditions for entrance for sale Forex Strategy «Alligator and Fractals»:
1) To determine the point of entry to find a period of consolidation. This will help us Alligator indicator. When lines begin to intertwine with each other - which means that the market began to consolidate.
2) forward to the emergence of fractal satisfying the following conditions Inside this consolidation:
- Fractal candle should be lower than the Alligator indicator.
- Fractal candle should not have points of contact with the lines of Alligator indicator.
3) At a minimum, of a fractal (peak) and draw a horizontal line at the touch of prices with this line open sell order. You can use the break-order sell stop.
4) Stop-loss is set at the last fractal upward.
5) Take-profit is equal to 50-55 points. You should put a deal on a trailing stop of about 20 points.
Additions to the forex strategy:
- If the price is not yet fit to hold a horizontal line, that is, we are not yet in the market, as the chart appears fractal in the same direction, but unsatisfying conditions, then the deal is canceled, and waiting for the appearance of a fractal in all conditions.
- If the value of stop orders of more than 50 points, it is better to miss a deal or consider the option of reducing the size of the sound stops.
