Summary
:
Forex
Entropy Trend following Strategy have two indicators, this is the alligator
indicator created by Bill Williams and Entropy indicator (created by Aleksandr
Pak ) which is an indicator of market strength.
Metatrader
Indicators :
- Alligator (13, 8, 5);
- Entropy Math forex indicator (12 period
with 0.001 Buy level and -0.001 Sell level).
Trading
Conditions :
- Chart Timeframe : 4 Hour.
- Currency Pairs : Any
pairs.
Long
Position Entry :
1. the candles are above the Alligator indicator.
2. The Alligator Lip (green line) must cross
above the Jaw (blue line).
3. The Alligator Teeth (red line ) must cross
above the Jaw (blue line).
4. Entropy math 12 must cross 0.001.
5. Enter a Buy trade at the retracement on the
green line.
Short
Position Entry :
1. the candles are below the Alligator indicator.
2. Wait for the Alligator Lip (green line) must
cross below the Jaw (blue line).
3. Wait for the Alligator Teeth (red line) must
to cross below the Jaw (blue line).
4. Entropy math 12 must cross 0.001.
5. Enter a Sell trade at the retracement on the
green line.
Exit
Rules :
- Stop Loss Option : Previous swing
How to install Files?
- Download *.zip file.
- Copy Indicators folder to your Metatrader
Directory / indicators /
- Copy Template folder to your Metatrader
Directory / templates /
- Copy Libraries folder to your Metatrader
Directory / Libraries /
- Start or restart your Metatrader
- Select Chart and Timeframe where you want
to test your forex strategy
- Right click on your trading chart and hover
on “Template”
- Move right to select Template