Discussion of article "Learn how to design a trading system by Gator Oscillator"
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New article Learn how to design a trading system by Gator Oscillator has been published:
A new article in our series about learning how to design a trading system based on popular technical indicators will be about the Gator Oscillator technical indicator and how to create a trading system through simple strategies.
Based on the concept behind this strategy, we need the computer or to create an expert advisor that can be used to check some values of the Gator indicator every tick automatically which are the current up, the previous two up of the current one, and the current down, and the previous two down of the current one. After this checking, we need the expert to determine the position of each value and perform the following comparison, the first one is about comparing the values of the current and previous Gator up and determining which one is greater than the other. the second one is about comparing values of the current and previous Gator down and determining which one is greater than the other. The result of this comparison will be our desired signals for identifying the Gator status.
If the current up value is smaller than the previous one and the current down value is greater than the previous one, we need the expert or the trading system to return a signal of the sleeping phase as a comment on the chart. In another case, if the current up value is greater than the previous one and at the same time the current down value is smaller than the previous one, we need the trading system to return a signal of the eating phase as a comment on the current. In the third case, if the first previous up value is smaller than the second previous one and the first previous down value is greater than the second previous down one and at the same time, the current up value is greater than the first previous one and the current down value is smaller than the first previous one, we need the trading system to return a comment on the chart with the awakening phase signal. In the fourth and last status, if the first previous up value is greater than the second one and the first previous down value is smaller than the second previous one and at the same time, the current op value is smaller than the first previous one and the current down value is greater than the first previous one, we need the trading system to return a comment on the chart with a sated phase signal.
The following is a simple graph for a blueprint of this trading system:
Author: Mohamed Abdelmaaboud