In my experience Alligator is a basic indicator and it can be use with several indicators. In fact, there are many strategies based in Alligator signal confirmation. Fractals and Resistences & Sopports Levels are the most popular mix of indicator that can use an Alligator�s principles to build a successful strategy in the market.
For example, as you see in the figure, I follow Alligators downtrend signal confirmation. The Alligator�s mouth is wide open and the price has already broken the support level at 1,42754. As my trendline support has been also overtaken I can anticipate the price is heading towards the pivot at 1,40345 level. That way I set a selling stop just below the trendline and another one in between the pivot and the first resistance.
Hi,
I am also using Alligator for my trading but personally I find that the indi alone cannot help much in analyzing market condition. I made use of other indicators also.
Basically I used alligators to keep track of trend start or trend reversal. I don’t trade continuous trend when the bprice bar fall within the alligator channel.
shek
I use trendlines and fractals to set my entry point but I�m trying with some other indicators. So far, fibos are doing a great job.
Alligator system works nicely with renko bars
Did anyone made a backtest on a large portfolio?
Do you mean using a robot or expert advisor or a manual test?