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Forex Alligator EURUSD h1

  • Forex Alligator Expert Advisor uses Alligator, Bollinger Bands and RVI Signal to open positions and Moving Average of Oscillator to close.
  • All indicators are manually customizable.
  • This EA has a protection function in that the EA is not allowed to open positions above a spread to be set.
  • Furthermore, you can set at what times the EA should only be active.
  • In addition, you can set the EA to close all positions below a certain equity. Stop Loss and Take Profit can also be set for each trade.
  • It is recommended to use accounts with five-digit quotes and moderate spread.


The Logic behind the EA

Open Long position at Bar Open when

  • Alligator
    • The Lips falls
  • Bollinger Bands
    • The bar opens below lower band after opening above it
  • RVI Signal
    • RVI line is higher than the Signal line

Close a long position at Bar Open when

  • Moving Average of Oscillator
    • OsMA is lower than the Level line
  • Hit Take Profit or Stop Loss

Open Short position at Bar Open when

  • Alligator
    • The Lips rises
  • Bollinger Bands
    • The bar opens above upper band after opening below it
  • RVI Signal
    • RVI line is lower than the Signal line

Close a Short position at Bar Open when

  • Moving Average of Oscillator
    • OsMA is higher than the Level line
  • Hit Take Profit or Stop Loss


Information

  • Use on several accounts is possible
  • Best result in EURUSD H1
  • Works with 4-5 digits brokers
  • Money management (Stop Loss, Take Profit, Maximum Spread, Minimum Equity) is adjustable
  • Trading times are adjustable
  • Best Timeframe: H1
  • Symbols: EURUSD
  • Minimum deposit: $500

Manual adjustment possibilities

  • Magic Number
  • Entry Lots
  • Minimum Equity to Stop the EA
  • Stop loss
  • Take profit
  • Maximum spread protection

Trading time

  • Sunday open time
  • Sunday close time
  • Monday-Thursday open time
  • Monday-Thursday close time
  • Friday open time
  • Friday close time
  • Ignore Sunday trading
  • Close trades after session close
  • Close trades at Friday close


Indicator parameters

  • Magic Number - You can change Magic Number
  • Entry Lots - Your Lot size value
  • Use Minimum Equity - Select if you want to use Equity Protection
  • Minimum Equity - Stop opening new trades, close all trades and disable the EA when equity is below X amount
  • Stop Loss (pips) - Stop Loss value in pips
  • Take Profit (pips) - Take Profit value in pips
  • Use Spread Protection - Select if you want to use maximum spread protection
  • Maximum Spread (points) - Maximum allowed spread to open a position
  • Sunday Open - start trading time on Sunday. Enter time in seconds when the EA starts opening positions on Sundays.
  • Sunday Close - end trading time on Sunday. Enter time in seconds when the EA stops opening positions on Sundays.
  • Monday-Thursday Open - start trading time on Monday-Thursday. Enter time in seconds when the EA starts opening positions on Monday-Thursday
  • Monday-Thursday Close - end trading time on Monday-Thursday. Enter time in seconds when the EA stops opening positions between Monday-Thursday.
  • Friday Open - start trading time on Friday. Enter time in seconds when the EA starts opening positions on Friday.
  • Friday Close - end trading time on Friday. Enter time in seconds when the EA stops opening positions on Friday.
  • Ignore Sunday - Select if the EA should trade on Sundays, true/false.
  • Close at session Close - Close all positions after a session, true/false. Time you have setup before.
  • Close at friday Close - the EA will close all positions at the end of Friday session.


Indicators for opening a Position

  • Alligator
    • Jaws Period- Indicator's Jaws Period value
    • Jaws Shift - Indicator's Jaws Shift value
    • Teeth Period- Indicator's Teeth period value
    • Teeth Shift - Indicator's Teeth Shift value
    • Lips Period- Indicator's Lips Period value
    • Lips Shift - Indicator's Lips Shift value
  • Bollinger Bands
    • Period - Indicator's Period value
    • Deviation - Indicator's Deviation value
  • RVI Signal
    • Period - Indicator's Period value


Indicators for closing a Position

  • Moving Average of Oscillator
    • Fast EMA - Indicator's Fast Ema value
    • Slow EMA - Indicator's Slow Ema value
    • MACD SMA - Indicator's MACD SMA value
    • Level - Indicator's Level value
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Version 1.1 2018.06.26
- some code improvements