each other on the oversold level, on their way. For example: Now that we understand how to enter a long trade, the next step is managing it correctly. To get that so much needed edge combination of two alligator indicators is used. For several years, I have been following a certain pattern in the market which produces over 80 winning trades every time I apply. We place the stop loss at the nearest support resistance levels. For a long trade, we want the histogram to: -Be above zero level. Monitorings of the EA operation with different settings are available here.
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Understanding the Indicators, my belief is that even a trader who uses technical analysis must understand the basics of the indicator he uses in his day to day trading. After many hours of backtesting i realized that GBP based pairs are more effective. For this reason, applying strategy over a higher time frame is ineffective because the number of trades and trade management is influenced and the setup become very-very rare. Executing Trades Short Trades How should we enter a short (sell) trade? For the best results, trade with professional ECN/STP broker with MT4. Backtest and optimize for any currency pair. Expert Advisor Settings, trade_Lot - trading lot. In the other approach the scalper can also be a trend follower, or a swing trader, but he uses very small, fast trades as a rule. At all times, we wait for CCI signal completion, and enter on candle close. This is what it looks like: The blue average is the short period average and the black average is the long period average. Save your time and energy.