AA2 is a trend strategy, which is based on 2 indicators ADX (24) and
Alligator, using GBP/USD for trading. Trading logic consists in
following the trend on a 1-hour chart using the location of Alligator
lines. It starts to trade at 5 am GMT and If the Alligator’s lips
(green line) are higher than the Alligator’s jaw (blue line) opens a
long position, otherwise makes a short position.
When Alligator indicator widely opens its mouth, there is a strong
price movement up or down while ADX indicator shows the strength of
any trend in the digital value. The strategy considers that potential
of a trend movement is
relatively high when the ADX(24) is less than 30 points, so ADX (24)
is used to change basic 5M trading volume to 1M when a trend is weak.
Trading hours: 5 - 16 GMT, SL 70 pips, TP 75 pips, trailing step 50