Alligator Lines Expansion

Uses the lines distances of the Alligator indicator to set trades.

Trading Logic

Buy

When the green line is above red line and red line above blue line, the EA will open a Buy order if the distances between lines expand and are equal or greater than the value set in "Lines Expansion" input parameter.

Sell

When the green line is below red line and red line below blue line, the EA will open a Sell order if the distances between lines expand and are equal or greater than the value set in "Lines Expansion" input parameter.

Close

The EA has six options to close the open orders. All of them available to be used at the same time or to be disabled independently:

  • Stop Loss
  • Take Profit
  • Trailing Stop
  • Break-even
  • Opposite Order Signal

Input Parameters

  • Magic Number
  • Lot Size
  • Stop Loss
  • Take Profit
  • Trailing Stop
  • Break-even
  • Maximum Deviation
  • Multiple Orders
  • Opposite Signal Closes Previous
  • Lines Expansion
  • Jaw line averaging period
  • Jaw line shift
  • Teeth line averaging period
  • Teeth line shift
  • Lips line averaging period
  • Lips line shift
  • averaging method
  • applied price

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