Alligator Sniper GOLD
- Experts
-
Ignacio Agustin Mene Franco
My name is Ignacio, I have more than 5 years of experience in the market, both forex and synthetic indices, I program indicators to provide the user with a better trade! - Version: 1.5
- Activations: 5
ALLIGATOR GOLD SNIPER v1.05
Description
Alligator Gold Sniper is an advanced Expert Advisor (EA) specifically designed for trading the gold market (XAUUSD), combining the power of Bill Williams' Alligator indicator with the Stochastic oscillator to identify high-probability entry points.
🎯 Trading Strategy
This EA implements a precision trading strategy based on:
Alligator Indicator: Identifies market trends using three smoothed moving averages (Jaw, Teeth, Lips)
Stochastic Oscillator: Detects overbought and oversold conditions to optimize entry points
Pending Order System: Uses BUY STOP and SELL STOP orders to capture confirmed price movements
Intelligent Grid: Manages multiple positions with controlled spacing
💼 Recommended Settings
For Personal Accounts (Capital: $1,000 USD)
Timeframes: M5, M15, M30, H1, H4, D1
Minimum Lot Size: 0.10
Risk Management: Conservative
Maximum Pending Orders: 3-5
For Funding Accounts (Capital: $5,000+ USD)
Timeframes: M5, M15, M30, H1, H4, D1 D1
Recommended Lot Size: 0.20
Risk Management: Moderate-Aggressive
Max Pending Orders: 5
⚙️ Main Features
Advanced Risk Management
Configurable Stop Loss: Automatic capital protection (20 pips by default)
Dynamic Trailing Stop: Secures profits by following price movements
Margin Control: Automatic verification before each trade
Spread Filter: Prevents trading in unfavorable market conditions
Dual Signal System
Simple Mode: Higher trading frequency (Logical OR)
Strict Mode: High-precision signals (Logical AND)
Flexible Money Management
Fixed Lot Size: For traders who prefer total control
Lot Size by Risk: Automatic calculation based on account percentage
Protection Filters
Time Filter: Trades only during configured sessions (1:00 AM - 11:00 PM by default)
Spread Control: Maximum 30 pips to avoid excessive costs
Distance Maximum: Limits the placement of pending orders
Order Limit: Prevents overexposure to the market
📊 Technical Parameters
Alligator Settings
Jaw Period: 13 | Shift: 8
Teeth Period: 8 | Shift: 5
Lips Period: 5 | Shift: 3
Method: SMMA | Price: Median
Stochastic Settings
K Period: 14
D Period: 3
Slowing: 3
Overbought: 70 | Oversold: 30
Grid & Trade Settings
Delta: 3.0 pips (distance between orders)
Max Distance: 15.0 pips
Stop Loss: 20 pips
Trailing Start: 5 pips
Trailing Step: 2 pips
🚀 Competitive Advantages
✅ Fully Automated: Operates 24/7 without human intervention
✅ Multi-Timeframe: Adaptable to different trading styles
✅ Backtesting Compatible: Optimizable in Strategy Tester
✅ Elegant Visual Interface: Professional dark theme with gold colors
📈 Ideal For
Gold (XAUUSD) traders seeking automation
Traders experienced in trend-based systems
Proprietary firms with drawdown rules
Traders looking to diversify with mechanical strategies
Developed by Worldinversor 2026
Professional Expert Advisor for MetaTrader 5
