In order to add Alligator indicator to Metatrader 4 chart: Alligator indicator helps to determine the presence and absence of a trend as well as its direction. For an uptrend to be true and valid 3 lines Jaws, Teeth and Lips of Alligator indicator must be laid out appropriate way: Jaws at the bottom bluethen teeth redthen lips green on top.

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If lines are intertwined or laid in the wrong order or are moving close together as one, it means that Alligator is sleeping with its mouth closed. Traders should not open new trades. As Alligator sleeps it becomes hungry. The longer he sleeps the hungrier he becomes — the longer the market stays without a trend, the more vigorously it will break into a new trend. When the trend starts, Alligator wakes up and opens it mouth 3 lines get into order and start to move apart — this is the time to start trading with a trend.

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When Alligator is full and happy, he closes his mouth and goes to sleep again — the 3 lines move closer together or intertwine again. Elliott wave traders can use Alligator as a helping indicator to identify impulsive and corrective waves: I don't know the reason for it, possibly usability or visual backtesting just a guess.

Either way, Alligator indicator will only show what's happening now, it won't get any forecasting value no matter what Shift settings are.

It also wise bill williams forex trading a trader to consider using other indicators rather than the alligator alone. This way, the trader will be able merino cashmere yarn sale minimize losses. Keep on studying, mate. Williams is a man who created many useful indicators, but this is not his website: Alligator indicator should be supported by an oscillator to know when the Alligator is sleeping or hungry.

Trades should choose 1 primary time frame to trade with: Then, as the signal appears on the primary time bill williams forex trading, a trader how to trade news releases forex enter a trade immediately, or as an option go one time frame lower to see the smaller market changes in action and pick a better price for an entry there.

Also the lower time frames help with re-entries.

It's all nice in theory, and easy to show past charts, but when you're trading live, and things are moving forward, it's a bit of a different story. The example here, if you were to go with the point when things actually get drawn on the indicator, you wouldn't even get a confirmation from the alligator until aboutwhich is about pips that it's dropped already.

That makes a lot of traders nervous, because usually with big movements come big retracements. And with the alligator's significant lag, it's a big question or not of how effective the alligator really is. Again, looks great "after" the fact, but not when you're trading live, watching the indicator draw.

My charting software doesn't have Smoothed MA as an option, is it sometimes called something else ie simple? Smoothed Ma if you have coustom indicators try this formula MS you should see a smoothing average somewhere on the window that pops up. The Aligator indicator is one addition to the lagging indicators out there.

Exit rules would be as follows: Can anyone explain the rationale behind shifting the Alligator lines forward in time? Stops can be effectively trailed behind the Alligator's jaw blue line. I understand the entries with the Alligator. What is the exit signal? When Alligator changes the signals from Buy to Sell and vise verse - exit.

How to trade with Alligator Indicator Alligator indicator helps to determine the presence and absence of a trend as well as its direction.

Don't feed the Alligator when it sleeps!

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FxIndicators I don't know the reason for it, possibly usability or visual backtesting just a guess. FxIndicators Stops can be effectively trailed behind the Alligator's jaw blue line. FxIndicators It is Simple MA, I've somehow managed to misspell it. User Smoothed Ma if you have coustom indicators try this formula MS you should see a smoothing average somewhere on the window that pops up.

FxIndicators Exit rules would be as follows: