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Alligator EA for Prop Firms

139 USD

Demo downloaded: 191

Published: 24 September 2022

Current version: 3.80

Alligator EA for Prop Firms

Experts
Riccardo Borello
Version: 3.80
Updated: 18 June 2023
Activations: 10

Alligator EA for Prop Firms is an Expert Advisor designed specifically to pass the challenges of Proprietary Firms such as MyForexFunds and obtain a founded account. In fact, it has specific functions to comply with the rules imposed by the companies that offer managed accounts.

Link for tutorial, detailed description, manual and presets: https://www.mql5.com/en/blogs/post/751530

- It is based on a strategy with William's Alligator, EMA and ATR indicators that tell the EA when to open positions and where to set the stop loss.

- Works on all Forex pairs, recommended on M5, M6, M10 timeframes.

- The EA should work on VPS 24/7

- Write to me privately to get the parameters already optimized by me for the various challenges and the presets to optimize

Functions for prop firm:

Daily and monthly anti drawdown control
Possibility to set a maximum profit target in which the EA stops (for example the 8% required by MFF to pass the first phase)
Possibility to backtest the number of past months in which it would have passed the challenge (via custom max, e.g. 31001 -> 31 months passed the challenge, 1 month closed positively)
If drawdown is reached, the EA stops and the combination of parameters is discarded (the custom max value is set to 0)

Additional features:

Choice of percentage to risk of the capital
Choice of risk and return
Possibility to choose whether to set the stop loss only via ATR or also using the Alligator
Choice of operating days and times
Possibility to breakeven
Possibility to set one or two partial TPs
Limit the number of maximum or minimum pips for the stop loss setting to avoid too long trades

more...

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Version 3.80 2023.06.18

Updated default parameters with new backtested combination

Version 3.70 2023.05.24

Fixed months counting bug: in rare cases the months closed at target were also counted as months closed in profit

Version 3.60 2023.01.23

-Fixed bug in test mode
-Added ability to recover previous month loss in backtest
-Added possibility to choose the maximum spread with which to open trades

Version 3.50 2023.01.21

- Added spread check before opening trade

Version 3.40 2022.12.07

- Added live bot mode: if you attach the bot to the graph, this must be set to true; if you are testing the bot, it should be set to false.
- Added input parameter distance from average: the EA will open positions only if, when the indicator has confirmed, the price is within a certain number of pips from the moving average

Version 3.30 2022.10.11

- Added default best combo parameters for testing: use on AUDUSD M5 from January 2020 to September 2022
- Changed the input parameters: now profit target and drawdown are set as percentages

Version 3.20 2022.09.27

Added the possibility to choose the time zone of the operating hours in the input parameters

Version 3.10 2022.09.27

Aggiornamento 1.1: bug fixato