Bill Williams Alligator “Trend Momentum” Trading System – Alligator is 3 lines of the balance, calculated according to the same formula with different variables.
- GREEN line is the Alligator’s Lips
- BLUE one is the Alligator’s Jaws
- RED line is the Alligator’s Teeth
When they are intertwined the Alligator is “ASLEEP” and there is a flat on the market, otherwise there is a trend on the market.
It is not complicated to determine its direction when the price is higher then jaws this means that the trend is upwards (bullish) if the price is lower then the trend is down (bearish).
- Best Time Frame: M30, H1, H4, and Daily
- Recommended Currency Pairs: GBPUSD, EURUSD, USDJPY, and GBPJPY
MetaTrader Trading Indicators
- Alligator
- Signal Trend
- Williams Percent Range
- Color RSI Histo
BUY Rules
- The Alligator is BULLISH (green line > red line > blue line)
- Williams Percent Range line above level -60
- Color RSI Histo green color and above level 10
SELL Rules
- The Alligator is BEARISH (green line < red line < blue line)
- Williams Percent Range line below level -40
- Color RSI Histo red color and below level -10
Trading NOTE
This High Accuracy Forex Major Trend Trading System should lead you in the right direction of the market.
Use a demo account or a small live account first to practice this trading system.