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EA to consider Aligator red line only, PSAR must face the same direction as buy for buy trade and sell for sell trade. Also MACD must be on
top of EMA50 for buy and below to sell.
Strategy :-Aligator, PSAR and MACD
1.EMA 25 on price chart
2.Alligator setup 14,8,8,5,5,5 simple (apply to previous indicator)
3. MACD and EMA 25 apply to close
BUY
1. EMA 25 crosses Alligator lip (red) facing up
2. EMA 50xrosses and goes below MACD (MACD red line will be up)
3. PSAR pointing towards the same direction
4. TP and SL when EMA 25 crosses Aligator again in opposite direction
1. EMA 25 crosses Alligator lip (red) facing up
2. EMA 50 crosses and goes below MACD (MACD red line will be up)
3. PSAR pointing towards the same direction of buy
4. TP and SL when EMA 25 crosses Aligator again in opposite direction
SELL
1. EMA 25 crosses Alligator lip (red) facing down
2. EMA 50 crosses and goes above MACD (MACD red line will be down)
3. PSAR pointing towards the same direction
4. TP and SL as EMA crosses Aligator in reverse direction
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