mq l5 wizard - trade signals based on crossover of lines of the alligator indicator

Related: Trade Adjustment Panel - another powerful expert for MetaTrader 5 traders.

the mq l5 wizard provides the automatic creation of expert advisors. it is time to consider the trading signals based on the alligator technical indicator, presented by b. williams in trading chaos. the strategy is called signals based on the alligator, which is based on three moving averages, and oscillators, calculated using the difference between them. the trading signals are generated after the crossover of the alligator lines, depending on the trend, determined by the order of these lines.

Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.

in the case of an upward trend, the lips line is the highest, the next is the teeth line, and the lowest is the jaw line. the similar but opposite case occurs in the case of a downward trend.

the trade signals are as follows:
- open long position: crossover of the alligator lines and increase of the distance between them in the case of the upward trend;
- close long position: upward crossover of the lips line with the jaw line;
- open short position: crossover of the alligator lines and increase of the distance between them in the case of the downward trend;
- close short position: downward crossover of the lips line with the jaw line;

this strategy is implemented in the csignalalligator class.

to create a trading robot based on this strategy, you need to choose the signal properties as signals based on the alligator in the creating ready-made expert advisors option of the mql5 wizard. the next step is to specify the needed algorithm and system. the code of the expert advisor will be created automatically, and you can compile it and test it in the metatrader 5 client terminal.

testing results show that the expert advisor can be backtested on historical data. the profit can be increased if you use deal filtration and take into account the market features, depending on time. the csignalitf class will allow you to add the intraday time filter. the best times can be found using the metatrader 5 client terminal.

attachments include the signalalligator.mqh with the csignalalligator class, which must be placed in the terminal_data_folder\mql5\include\expert\signal folder, and the expert_alligator.mq5, which contains the code of the expert advisor created using the mql5 wizard.

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#property copyright "robotfx"
#property link "https://robotfx.org"
#property version   "1.00"
#include <expert\expert.mqh>
#include <expert\signal\signalalligator.mqh>
#include <expert\trailing\trailingnone.mqh>
#include <expert\money\moneyfixedlot.mqh>
input string             inp_expert_title                 ="expert_alligator";
int                      expert_magicnumber               =16441;
bool                     expert_everytick                 =false;

.......

• 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.