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Expert Alligator

The strategy is based on the Alligator technical indicator, described by Bill Williams in "Trading Chaos".

The system is based on three moving averages (Lips, Teeth and Jaw lines), and oscillators, calculated using the difference between them. The trading signals are generated after crossover of the Alligator lines, depending on trend, determined by order of these lines. In the case of upward trend the Lips line (with minimal period) is the highest, the next is the Teeth line, and the lowest is the Jaw line. The similar but opposite case in the case of downward trend.

The trade signals:

  • 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 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 Lips line with the Jaw line;
Input parameters:
  • Inp_Signal_Alligator_JawPeriod = 33;
  • Inp_Signal_Alligator_JawShift = 8;
  • Inp_Signal_Alligator_TeethPeriod = 28;
  • Inp_Signal_Alligator_TeethShift  = 5;
  • Inp_Signal_Alligator_LipsPeriod = 15;
  • Inp_Signal_Alligator_LipsShift   = 3;
  • Inp_Signal_Alligator_MaMethod = MODE_SMMA;
  • Inp_Signal_Alligator_Applied  = PRICE_MEDIAN;
  • Inp_Signal_Alligator_CrossMeasure= 5;
  • Inp_Money_FixLot_Percent = 10.0;
  • Inp_Money_FixLot_Lots = 0.1;
Nork
3498
2016.03.21 03:47 
 

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Rodrigo da Silva Boa
7104
2015.12.09 06:30 
 

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Gennadiy Sidorov
1463
2014.05.15 08:08 
 

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Vadim Strelkov
7871
2014.02.17 11:05 
 

норм

tonioni73
116
2012.10.24 20:06 
 

this EA is a simple EA but powerful one in back test shows great results in the 4hr time frame, i will run it in a live demo first then live real money ,it takes very small loss a decent size profit,how ever trailing stops are recommended,& shutting it off during economic news event ,compliment to the coder ,i will leave more feedback as tested forward is accomplished,thank you MQL5 market & community

Aleksey_Alex
93
2012.03.07 23:26 
 

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Mushegh Petrosyan
239
2012.02.10 11:38 
 

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