FOREX for LIVING: Forex Crocodile Trading System

Forex Crocodile trading system is a trend following strategy which is designed to trade in forex market, but it also can be applied in other financial market as commodities and other which are available on Metatrader platform. The system is very simple to used and easy to read due to less use of indicators, the chart look very clean, any level traders can use this system both newbie trader or expert at least who has knowledge the basic of forex trading.

This system generates buying and selling signal for you by the main indicators which attached on the main chart while the momentum indicators at the bottom of chart will help you to confirm those signals.

After installation is finished corecctly, on the main chart of MT4 platform will look like this

Forex Crocodile Trading System

INDICATORS

Forex Strategist SR is one of the main indicators on this system, appears when there is a potential price reversal, when there is a possible potential bullish reversal in the falling market, it appears as grey colored bricks like shapes below the market price with blue arrow pointing upward. While if there is a possible potential bearish reversal in the rising market, it appears as yellow colored bricks like shapes above the market price bars with red arrow pointing downward.
Forex Strategist MA: has two moving averages blue and red one.
Bbands Stops: is used to signals out the potential entry points.
Forex Strategist Stops:This tool is used to detects the trend of the market.
Forex Strategist Bull-Bear: Forex Strategist Bull-Bear filters the trend and makes it easier for traders to identify the market trend.
RSI and Stochastic: RSI and Stochastic are used to find out the overbought and oversold conditions and the crossovers are used to confirm the trade.

Forex Crocodile Trading System Indicators

RULE of Forex Crocodile Trading System

BUY Entry

Price bars should be above Forex Strategist MA, the Bbands Stops, and Forex Strategist Stops.
Forex strategist Bull-Bear indicator turns blue color.
RSI and Stochastic value should be below 50.
Place Buy order when the conditions above are met.
Place stop loss below the recent swing low.
Exit Buy position as soon as forex strategist Bull-Bear indicator turns red.

Forex Crocodile System in Buying Conditions

SELL Entry

Price bars should be below Forex Strategist MA, the Bbands Stops, and Forex Strategist Stops.
Forex strategist Bull-Bear indicator turns red color.
RSI and Stochastic its value should be above 50.
Place Sell order when the conditions above are met.
Place stop loss above the recent swing high.
Exit Sell position as soon as forex strategist Bull-Bear indicator turns into blue color.