Alligator - MetaTrader 5 Expert - MQL5 #19172 - MT4/MT5 Resources
The author of the idea : Andrei Konishkin , the author of the mq5 code : Barabashkakon .
Trading system based on the Alligator indicator. If possible, the EA moves the position to the breakeven point and then enables trailing stop loss.
Attachment download
📎 alligator.mq5 (34.87 KB)
Source: MQL5 #19172
Alligator - MetaTrader 5 Expert - MQL5 #19172 Usage and Filtering Advice
Alligator - MetaTrader 5 Expert - MQL5 #19172 is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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