The Super Alligator Trend Forex MT4 indicator is based on the popular Alligator technical indicator but this advanced version is more accurate and profitable.
Buying and selling currency pairs with the super Alligator trend indicator is easy and profitable under most market conditions.
It also keeps you out of range-bound market conditions.
In fact, it’s a complete trend trading system built to eliminate most false trading signals.
Deploy this indicator for scalping, day trading and swing trading any pair.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Below we will explain how to buy and sell with it.
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Super Alligator Forex Trend Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With The Super Alligator Forex Trend Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Buy the currency pair when the green MA (lips) is positioned above the red MA (teeth) and blue MA (jaws), AND the red MA (teeth) is positioned above the blue MA (jaws) as well. All moving averages must be positioned above the Gold magic dotted line.
Place a protective stop loss below previous swing low support, or use your own stop loss placement strategy.
Close the buy trade for a reward/risk ratio of 1.5 or higher.
Alternatively, aim for a fixed take profit target, for example, close the Alligator based buy trade for 15 pips on the 1-minute scalping chart.
Sell Trigger: Sell the currency pair when the green MA (lips) is positioned below the red MA (teeth) and blue MA (jaws), AND the red MA (teeth) is positioned below the blue MA (jaws) as well. All moving averages must be positioned below the Gold magic dotted line.
Place a protective stop loss above previous swing high resistance, or use your own stop loss placement strategy.
Close the sell trade for a reward/risk ratio of 1.5 or higher.
Alternatively, aim for a fixed take profit target, for example, close the Alligator based sell trade for 40 pips on the 15-minute intraday chart.
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Time frame, magic period, jaws period, teeth period, lips period, MA period, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, DeMarker,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.