Ride Alligator Trading System
Info
The Ride Alligator Trading System is a Expert Advisor for MetaTrader 4 that this is a simple trading system based on the alligator indicator. OverviewThe system utilizes a straightforward approach to trading, incorporating the Alligator indicator to generate signals.
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 Ride Alligator Trading System
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 is a simple trading system based on the Alligator indicator.
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: Alligator Moving Average Trailing Indicator - another powerful expert for MetaTrader 4 traders.
This is a simple trading system based on the Alligator indicator.Also recommended: on alligator vol. 1. 1 - similar expert with strong performance on MetaTrader 4.
Overview
The system utilizes a straightforward approach to trading, incorporating the Alligator indicator to generate signals.
The Alligator indicator is used as the basis for this simple Expert Advisor (EA).
It is designed to be easy to use and understand, making it accessible to traders of all levels.
Key Features
- Simple trading system based on the Alligator indicator
- Easy to use and understand
- Suitable for traders of all levels
You may also like: fractals and alligator - excellent alternative for expert users on MetaTrader 4.
Source Code
extern int alligatorperiod = 5;
extern int alliggatormode = 3; // 0=sma,1=ema,2=ssma,3=lwma
extern double riskfactor = 0.5;
int start(){int wtf;double lots;double minlot=marketinfo(symbol(),mode_minlot);
if(minlot<=0.01)wtf=2;if(minlot>=0.1)wtf=1;double mmlot=normalizedouble(accountbalance()*riskfactor/100.00/100.00,wtf);
if(mmlot>=minlot)lots=mmlot;else lots=minlot;double a1=mathround(alligatorperiod*1.61803398874989);
double a2=mathround(a1*1.61803398874989);double a3=mathround(a2*1.61803398874989);
double lipsnow=ialligator(null,0,a3,a2,a2,a1,a1,alligatorperiod,alliggatormode,price_median,mode_gatorlips,1);
double lipspre=ialligator(null,0,a3,a2,a2,a1,a1,alligatorperiod,alliggatormode,price_median,mode_gatorlips,2);
double jawsnow=ialligator(null,0,a3,a2,a2,a1,a1,alligatorperiod,alliggatormode,price_median,mode_gatorjaw,1);.......
⚠ 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.