Forex Entropy Trend following Strategy

Trading Strategies 0 991



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

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