The Profitunity Trading Approach
Last updated
Last updated
Indicators Used:
(configured with standard settings)
Key Conditions:
The primary triggers for this strategy involve a sequential combination of signals from Fractals, Alligator, and Accelerator Oscillator. Additionally, the Awesome Oscillator provides supplementary confirmation.
BUY Conditions (all 4 conditions need to be met at once):
A downward fractal formation.
The blue Alligator line breaks downward from below to above.
The Accelerator Oscillator is positioned in the green zone.
Enter a long position once the Awesome Oscillator histogram crosses above the centerline from below.
SELL Conditions (all 4 need to be met at once):
An upward fractal formation.
The blue Alligator line breaks downward from above to below.
The Accelerator Oscillator is positioned in the red zone.
Enter a short position once the Awesome Oscillator histogram crosses below the centerline from above.
Exit or Reversal Criteria:
Close the current position or reverse the trade when there is a contrary breakdown of the green Alligator line accompanied by a reversal in both the Accelerator Oscillator and Awesome Oscillator histograms.
Open a chart with the M15 timeframe for entry and H1 for tracking.
Apply the Fractals, Alligator Indicator, Awesome Oscillator, and Accelerator Oscillator with standard settings. Identify a BUY signal when a downward fractal forms, the blue Alligator line breaks downward from below to above, the Accelerator Oscillator is in the green zone, and the Awesome Oscillator histogram crosses above the centerline from below.
Enter a long position and set a stop-loss below the recent swing low. Monitor the trade and exit when the Alligator line shows a contrary breakdown accompanied by reversals in both the Accelerator Oscillator and Awesome Oscillator histograms.
Repeat the process for a SELL signal by looking for an upward fractal, the blue Alligator line breaking downward from above to below, the Accelerator Oscillator in the red zone, and the Awesome Oscillator histogram crossing below the centerline from above. Enter a short position with a stop-loss above the recent swing high and exit based on the reversal criteria.
