Super Alligator Forex Trend MT4 Indicator

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.

Download This MT4 Forex Indicator Free

Download the “averages-alligator-indicator.ex4” Metatrader 4 indicator

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.

Download This Forex Indicator Now

Download the “averages-alligator-indicator.ex4” MT4 indicator

Adjustable Parameters

Time frame, magic period, jaws period, teeth period, lips period, MA period, colors, width, style.

Usage

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

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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