Core Scalper Alligator
- Эксперты
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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! - Версия: 3.0
- Активации: 10
🐊 Core Scalper Alligator
An Expert Advisor for XAUUSD on the M5 timeframe that uses the Williams Alligator indicator to trade only when the market is trending. 🥇
Gold spends a lot of time moving sideways, which is where most scalpers lose money. Core Scalper Alligator is built on this premise: it uses the Williams Alligator indicator as a trend filter and only trades when the structure of the three lines confirms market movement. When the lines are tangled, the EA waits. ⏳
❓ When does it enter?
When the Alligator "opens its mouth": the Lips, Teeth, and Jaw align and separate by a configurable minimum distance, and the price closes outside the Lips. If the mouth opens upwards, it looks for buy trades 📈. If it opens downwards, it looks for sell trades 📉.
❓ How does it execute?
It uses pending Buy Stop/Sell Stop orders placed close to the current price, so they only activate if the market continues in the direction of the signal. The three Alligator lines are plotted on the chart so you can follow the EA's readings in real-time. 👁️
❓ How does it protect each trade?
Every trade includes a Stop Loss. The EA then applies an automatic break-even, a dynamic trailing stop that adjusts as profits grow, and an automatic close based on a pip target. It does not use Martingale. 🛡️
❓ What can I configure?
Alligator periods and shifts, minimum mouth separation, trading hours ⏰, maximum spread 🚦, pending order limits, fixed lot size or percentage-based risk 💵, and chart colors 🎨. The EA checks available margin before placing each order. 🔒
❓ What do I need to use it?
🪙 XAUUSD on the M5 timeframe, with a recommended capital of $500–$1,000, on MetaTrader 5.
🏦 Recommended broker: Fusion Markets (Low Spread or Raw account).
🌐 Using a VPS is recommended to ensure uninterrupted trading. 🌍 World Inversor · Professional algorithmic trading 🤖
