Simple Williams - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
This Expert Advisor is based on the book "New Trading Dimensions" written by Bill Williams.
This code is written for real trading. There are error handling and repair functions, intelligent batch adjustment. The EA's operation is well reviewed. Two types of signals: classic signals and pending signals. The type of signal depends on the mutual arrangement of the alligator lines.
Filter=30, Gator_Div_slow= 250, Gator_Div_fast= 150 — Estimates for H4 charts (each pair needs to be optimized). Recommended time range - hourly and above.
Buy on the fractal breakout above the Alligator Teeth. Sell on a fractal breakout below the Alligator Teeth. The trailing stop is placed at the red line of the Alligator and at the fractal. Only hold one position. Pyramids are not used (as shown in the book).
It only works on 5-digit quotes!
Attachment download
📎 bill_williams.mq4 (13.54 KB)
Source: MQL5 #13859
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