Hey there, fellow traders! Today, let’s dive into the Alligator indicator with the On Alligator vol.1.1 EA for MetaTrader 4. The concept is pretty straightforward: when the lines align in a specific formation, it generates a signal. Always confirm with a fractal before making your move!
What's cool is that you can turn off all features if you want. You can disable the entry and exit signals from indicators, trailing stops, and just keep the martingale strategy running. This way, you can potentially rake in profits without overthinking it—just keep an eye out for Uncle Sam's tax bill! ;)
During optimization, this setup has shown impressive returns with drawdowns between 3% and 9% of the initial deposit, especially when using the Alligator and Fractal indicators together. It’s worth noting that it works best with trailing enabled and martingale turned off.
If you’re looking to manage your risk, you can limit the maximum lot size and tweak other parameters as needed. Don’t hesitate to experiment—you might be pleasantly surprised!
A little request for the developers: please don’t be too harsh on the feedback and feel free to modify the EA for better performance. I attempted to include a self-optimization feature, but it only managed to optimize 3 out of the 9 necessary parameters in an hour and a half. It’s been optimized from September to now, tested over a full year.
| Symbol | USDCHF (US Dollar vs Swiss Franc) | ||||
| Period | 1 Hour (H1) 2008.01.02 09:00 - 2008.12.17 23:00 | ||||
| Model | Every tick (the most precise mode based on the shortest available time frames) | ||||
| Parameters | MaxLot=0.5; koeff=1.3; risk=0.05; shirina1=0.001; shirina2=0.0003; Ruchnik=false; Vhod_Alligator=true; Vhod_Fractals=true; Vyhod_Alligator=false; OnlyOneOrder=true; EnableMartingail=false; Trailing=true; TP=0; SL=170; TrailingStop=65; profit=0; blue=-8; red=-1; green=3; Fractal_bars=9; visota_fractal=60; spred=10; Koleno=5; Zaderzhka=2000; | ||||
| Bars in test | 6965 | Ticks modelled | 2826122 | Modelling quality | 90.00% |
| Mismatched chart errors | 9 | ||||
| Initial deposit | 1000.00 | ||||
| Net profit | 1473.15 | Gross profit | 4784.66 | Gross loss | -3311.52 |
| Profit factor | 1.44 | Expected payoff | 13.15 | ||
| Absolute drawdown | 80.76 | Maximum drawdown | 654.80 (21.31%) | Relative drawdown | 21.31% (654.80) |
| Total trades | 112 | Short positions (won %) | 42 (85.71%) | Long positions (won %) | 70 (72.86%) |
| Profit trades (% of total) | 87 (77.68%) | Loss Trades (% of total) | 25 (22.32%) | ||
| Largest | profit trade | 356.10 | loss trade | -205.67 | |
| Average | profit trade | 55.00 | loss trade | -132.46 | |
| Maximum | consecutive wins (profit in money) | 10 (149.62) | consecutive losses (loss in money) | 2 (-394.37) | |
| Maximal | consecutive profit (count of wins) | 784.21 (9) | consecutive loss (count) | -394.37 (2) | |
| Average | consecutive wins | 60 | consecutive losses | 1 | |
While it might not be the crème de la crème, it definitely gets the job done!
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