This is a system developed by joforex (see http://codebase.mql4.com/5407).
There is an ea for it. And it tests very positive in back test for 5mins and up. Live on demo it also tests very positive.
The author writes: "At the first attempt to author I used the heiken Smoothed as primary signal indicator to be followed by the JAW line of the Alligator indicator. The results could be made efficient with adding maybe the Alligator indicator lines as filter to possibly clean the Heiken Smoothed changes at times when market goes sideways. Also it needs a mm that does change the position if direction changes and closes all open positions of the opponent signal."
Good foundation to build on.
This is a copy of the template I am using with a demo trade in progress and a few graph results from some back testing of eurusd.
The ea is available at http://codebase.mql4.com/5407
jiva34
There is an ea for it. And it tests very positive in back test for 5mins and up. Live on demo it also tests very positive.
The author writes: "At the first attempt to author I used the heiken Smoothed as primary signal indicator to be followed by the JAW line of the Alligator indicator. The results could be made efficient with adding maybe the Alligator indicator lines as filter to possibly clean the Heiken Smoothed changes at times when market goes sideways. Also it needs a mm that does change the position if direction changes and closes all open positions of the opponent signal."
Good foundation to build on.
This is a copy of the template I am using with a demo trade in progress and a few graph results from some back testing of eurusd.
The ea is available at http://codebase.mql4.com/5407
jiva34
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