Alligator Trader

3

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.

Reviews 4
IATradingScalping
3181
IATradingScalping 2024.03.10 22:32 

BUEN EA , excelente trabajo de su CREADOR , GRACIAS

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We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
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XGen Scalper MT4 - Professional Automated Trading System XGen Scalper is a state-of-the-art Expert Advisor that combines advanced algorithmic structure with proven technical analysis to deliver consistent results across all markets. This powerful trading system operates seamlessly on forex pairs, precious metals such as gold and silver, cryptocurrencies, and commodity indices. Advanced Algorithmic Technology The proprietary wave scanning algorithm processes market data in real time, identify
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BLACK FRIDAY SPECIAL: 70% OFF + FREE GIFT! Massive savings on our top automated systems: Buy Infinity Trader EA: Only $197 (Save 70% — Regular price: $547) BONUS EA: Get Crypto Master EA 100% FREE (Regular price: $497) Total Value: $1044 — Yours today for just $197! How to claim: Direct message (DM) us your purchase confirmation to unlock your free Crypto Master EA license! Full offer details & live performance stats: https://www.mql5.com/en/blogs/post/778315 Infinity Trader EA Live Results:  h
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kennyratliff
24
kennyratliff 2025.03.26 13:27 

junk, dont waste your time

Natalija Melnitsjenko
747
Natalija Melnitsjenko 2024.05.08 13:54 

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IATradingScalping
3181
IATradingScalping 2024.03.10 22:32 

BUEN EA , excelente trabajo de su CREADOR , GRACIAS

AscendCapital
2364
AscendCapital 2024.02.19 22:08 

User didn't leave any comment to the rating

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