On Alligator vol. 1. 1
This is a powerful addition to your MetaTrader 4 toolkit designed to optimize market analysis and performance. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use On Alligator vol. 1. 1
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.
Description & Settings
In general, the idea is simple. As soon as the lines are grouped in a certain way, a signal is generated. Confirm using fractal, then as usual.
All features can be disabled. That is, disable entry, exit by indicators, trailing, leave only the martingale, and you can thoughtlessly "mow the loot" before the arrival of Uncle Cole :))
It shows good profit with drawdowns of 3-9% of the initial deposit during optimization with entries by Alligator and Fractal,trailing enabled and with martingale disabled.
If necessary, it is possible to reduce the risks, limit the maximum lots, etc.
Experiment yourselves - you will like it.
A small favor for the developers: do not judge harshly, and modify it if you want it to work better. If possible, include a self-optimization. I tried to implement it as a script. It had optimized 3 (out of 9 required) parameters for an hour and a half.
Optimized from September to today. Tested on one year.
Strategy Tester Report
on Alligator vol.1.1
EGlobal-Real (Build 220)
Not the best option. But still works.
