Alligator Moving Average Trailing Indicator
Info
The Alligator Moving Average Trailing Indicator is a Expert Advisor for MetaTrader 4 that this indicator is based on the alligator and moving average indicators, incorporating a moving average trailing stop mechanism. Optimization results are available for the period ending 2026 on the H1 timeframe.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Alligator Moving Average Trailing Indicator
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
This indicator is based on the Alligator and Moving Average indicators, incorporating a moving average trailing stop mechanism.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: e-moving in wl2: automated stop loss adjustment - another powerful expert for MetaTrader 4 traders.
This indicator is based on the Alligator and Moving Average indicators, incorporating a moving average trailing stop mechanism.Also recommended: moving average grid ea - similar expert with strong performance on MetaTrader 4.
Optimization results are available for the period ending 2026 on the H1 timeframe.Indicator Features
- Combines Alligator and Moving Average principles.
- Implements a trailing stop loss based on moving averages.
Performance
- Optimization completed for the period up to 2026.
- Tested on the H1 timeframe.
Further details and usage instructions can be found within the product documentation.
You may also like: moving average and commodity channel index (ma2 cc i) - excellent alternative for expert users on MetaTrader 4.
Source Code
#define bull 1
#define bear 2
extern int slippage = 5;
extern int magic = 55;
extern int stoploss = 75;
extern bool moneymanagement = true;
extern double lots = 0.1;
extern double maximumrisk = 1.3;
extern int alligatorperiod = 5;
extern int alliggatormode = 2; // 0=sma,1=ema,2=ssma,3=lwma.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.