Alligator Trader
- Experts
- Version: 3.0
- Updated: 16 March 2023
Alligator Trader is a rule-based Expert Advisor for MetaTrader 4, built for USDJPY on the M30 timeframe.
How it works
The EA evaluates closed bars only and opens one position at a time.
- Entry: Williams' Percent Range (period 13) crosses above -20 for a buy, or below -80 for a sell.
- Exit: a fixed Stop Loss and Take Profit, plus an early exit when the Alligator teeth line crosses the jaw line (upward closes a buy, downward closes a sell).
Default settings
- Symbol / timeframe: USDJPY, M30
- Entry lots: 0.50 (fixed)
- Stop Loss: 111 pips, Take Profit: 133 pips
- Magic Number: 83872043
Inputs
Entry_Amount, Stop_Loss, Take_Profit, Ind0Param0-1 (Williams' %R period, level), Ind1Param0-5 (Alligator jaws, teeth and lips periods and shifts), Magic_Number.
What it does not do
No martingale, no grid, no averaging, no trailing stop, no news filter, no DLL.
Before you use it
Parameters were fitted on one year of USDJPY M30 data. Download full USDJPY history and test the EA in the Strategy Tester with "Every tick" modelling and your broker's spread, then on a demo account. The default lot of 0.50 is large for small accounts; choose a lot that fits your own risk limit.
Risk notice
Trading Forex involves risk of loss. Strategy Tester results are simulations and do not represent live trading or future performance.

BUEN EA , excelente trabajo de su CREADOR , GRACIAS