3 智者 (3 Wise Men)

1. Alligator
2. Awesome Oscillator (AO)
3. Fractals

Definitions:

1. BUDB : Bullish Divergent Bar
   1. Have a Lower Low than the previous bar, AND
   2. Must Close in the Upper Half of its range

   
   

2. BEDB : Bearish Divergent Bar
   1. Have a Higher High than the previous bar, AND
   2. Must Close in the Lower Half of its range

   
   

3. Angulation : I will use my own definition for angulation. I will consider an angulation is good if the distance between the High of a BUDB or the Low of a BEDB and the Alligator Lips is greater than the distance between the Alligator Lips and the Alligator Jaw.

3 wise men trading possibilities:

1. Break Out of a valid Divergent Bar (Good Angulation and AO in opposite Color) - single entry
2. Break Out of the third consecutive bar with AO color similar to 1st wise man trade direction - multiple entries
3. Break Out of a completed Fractal in the trade direction - multiple entries

Long Entries :
Will be in type of Buy Stop Orders with user input buffer pips for entry and stop loss, as follows:

1. Break Out of a (BUDB), stop loss at Low of BUDB
2. Break Out of the third bar corresponding to the third AO Green Bar. This could generate multiple add-on entries, while trade is a live.
3. Break Out of an UP fractal, in the direction of the trade. This could generate multiple add-on entries, while trade is a live.

Short Entries :
Will be in type of Sell Stop Orders with user input buffer pips for entry and stop loss, as follows:

1. Break Out of a (BEDB), stop loss at High of BEDB
2. Break Out of the third bar corresponding to the third AO Red Bar. This could generate multiple add-on entries, while trade is a live.
3. Break Out of an DOWN fractal, in the direction of the trade. This could generate multiple add-on entries, while trade is a live

Exits :

1. Either by hitting the initial Stop Loss (or the Trailing Stop Loss), or
2. When an opposite Divergent Bar signal occurs (Close all and reverse)

Chart Example :

Attached Image (click to enlarge)