Expert Advisors • Indicators • Scripts • Libraries

MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks

MetaTrader 5 Expert Advisor | Alligator Simple v1.0

Idea by: Nikolay Khrushchev

Code mq5 by: barabashkakvn

The EA based on iAlligator (Alligator) indicator. It can work both on hedging and netting accounts, since it always holds only one position in the market at a time. If Every tick is true, the EA will work at each tick. If false (default), then the possibility of opening a position will only be checked as soon as a new bar appears.

Market entry condition

  • BUY:  Lips#1 > Teeth#1 && Teeth#1 > Jaws#1
  • SELL:  Lips#1 < Teeth#1 && Teeth#1 < Jaws#1

MetaTrader Experts, Indicators, Scripts and Libraries

22778