Idea by: Nikolay Khrushchev
Code by: barabashkakvn
Welcome back, traders! Today, we're diving into an exciting Expert Advisor (EA) designed for MetaTrader 5, based on the popular iAlligator indicator. This EA is versatile, working seamlessly on both hedging and netting accounts. The key feature? It holds only one position in the market at a time, which can be a real game-changer for your trading strategy.
How It Works
If you set the Every tick option to true, the EA will operate on every tick, making it super responsive. If you leave it as false (the default setting), it will only check for potential trade openings when a new bar appears. This can help you manage your trades more effectively.
Market Entry Conditions
- BUY: Lips#1 > Teeth#1 && Teeth#1 > Jaws#1
- SELL: Lips#1 < Teeth#1 && Teeth#1 < Jaws#1
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