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Overview of the Strategy The above EA implements a fully automated trading strategy based on the Bill Williams Trading System, specifically leveraging the "Alligator" indicator, fractal breakouts, and several additional technical indicators for trade confirmation and risk management . Core Components Indicators Used Alligator (Jaw, Teeth, Lips): Detects trending or ranging markets by the alignment and separation of three smoothed moving averages. Fractals: Used for breakout confirmation. Awesome
Core Features and Filters TDI (Traders Dynamic Index)
The EA computes the TDI using selectable candle types: Japanese, Heikin Ashi, or both. It calculates the TDI’s green (price MA), red (signal MA), and yellow (baseline) lines, along with Bollinger Bands using a custom standard deviation value. Multiple Filters for Trade Signals Baseline Filter : Trades are filtered based on the TDI baseline value. Ichimoku Cloud (Kumo) Filter : Optionally restricts trades to those above/below the cloud. Tren