Meet the Creator - Michael
Code Author - barabashkakvn
The BARS Alligator EA operates exclusively with the emergence of new bars. If you set the Maximum Positions to "1", this EA can also work on netting accounts. Trading signals are derived from bars #1 and #2 of the iAlligator (Alligator) indicator.
You have the flexibility to set a stop loss (Stop Loss), take profit (Take Profit), and even enable trailing stops.
When it comes to position sizing, you can choose a fixed volume by setting Money Management to Constant Lot, or opt for a dynamic approach by adjusting the risk percentage (set Money Management to Risk in Percent for a Deal). The Money Management setting will determine either your lot size or the risk percentage accordingly.
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