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So we got price running away from the blue line of the alligator at a very steep angle, then we saw a bullish divergence bar and now finally we put the buy order 1 pip above divergence bar and put stop loss in this example at the most recent downward pointing fractal. You can see it in the attached image. Finally we see the whole picture, you guys see what I am talking about now?
This is a pure gamble.
Strangley enough they got rid of the AC (accelerator) from the chaos system in the last book.
They said it was not up to the job of faster moving charts which I am sure must apply to forex so they only use the AO now.
I must admit I like to see my gator with 3 lines and a full set of teeth !!
In fact there is another set up that uses 4 lines. I will find out what the other one is for you.
MartThanks for the variant Mart.
LOL I just realize this thread is from 2005.
Alligator ind alligator_ind.mq4
Snap backs are not in correlation with the rise or falls. I agree its a gamble
trading against the trend like you are doing will eventually kill you - gold words
Alligator zone i-alligatorzone.mq4
Alligator zone i-alligatorzone.mq4
Is it using future values (as the alligator does)?
???looking for an indicator, using back to the future values...
Can somebody update options of this indicator to user friendly options?
averages-alligator-nmc.mq4
Can somebody update options of this indicator to user friendly options? averages-alligator-nmc.mq4
tampa
Here you go : averages_alligator_2.mq4