Price bubble pyramiding. Alligator MT4 Expert advisor ™ TheForexKings

SKU 00161
€4.90
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Product Details

Inputs used in expert advisor

  • EMA and Bollinger bands trend filter: BB tunel must close below the EMA line, for short entry and vice versa for long entry. In ranging market EMA will remain within BB tunnel and we will avoid entering any positions. Adjust EMA period , BB deviation and BB period to modify experts sensitivity to trend and its ability to filter out the ranging conditions (EMA remains in BB tunnel).
  • Signal candle size max/min. Signal is also based on wide bullish/ bearish candle. We define its body size. Larger the candle, more momentum is present in the trend. Signal candle must close in the direction of trend defined by the trend filter.
  • Volumes: Volume value of signal candle (breakout candle) must be larger than on previous candle.
  • Adding to winner module (pyramiding logic):
  • Buy: If trade exists, new trade can only be opened if: current price is greater than first position entry price+(number of opened long trades*pyramiding step input)+pyramiding step.
  • Sell: If trade exists, new trade can only be opened if: current price is less than first position entry price-((number of short opened trades*pyramiding step input)+pyramiding step).
  • Pyramiding step input: Distance between consecutive pyramiding trades in points. Each trade will opened on new candle open. If one candle covers distance equvalent to two or more pyramiding steps, more than one trade can be opened on same price level (but only on new candle open). Modify this input down for increased aggression of pyramiding.
  • MAX number of trades (10in test): Expert advisor can work with more than one trade opened per side. This parameter will modify number of trades that can be opened per side at the same time.
  • Closing module for profit: Expert will close all existing trades at once as soon as the overall account profit reaches target profit. Use only on one currency per account and do not open any other positions. Modify targets proportionally with lotsize (in account currency).
  • Universal trailing stop (Extra deviation for the trail stop). TS is adjusted after each candle close. It is based on bollinger bandsline that just got penetrated.TS will be adjusted in the direction of winning trade only. Extra deviation can be applied to cover more distance (EA will be better able to follow the trend).
  • Magic number buy/sell: Not applicable in this expert advisor. Do not use on more than one currency per account and do not open any other trades (expert is closing trades based on equity).
  • MAX slippage:
  • Spread filter:
  • Lot size:

Rules of the expert advisor

SELL

  1. Upper Bollinger band trending below EMA line. Downtrend is present in the market. Enter short only.
  2. Signal candle closing below bottom BB band.
  3. Signal candle close in the direction of trend (min/max body size defined).
  4. Volume on signal candle is larger than on previous candle.
  5. If trade exists, new trade can only be opened according to adding to the winner module criteria.
  6. We enter short on signal candle close.
  7. Trailing stop is placed at bottom BB + extra deviation applied on trailing stop (inputs).
  8. We close all existing short trades at Target profit/Trailing stop.

BUY

  1. Bottomr Bollinger band trending above EMA line. Uptrend is present in the market. Enter long only.
  2. Signal candle closing above upper BB band.
  3. Signal candle close in the direction of trend (min/max body size defined).
  4. Volume on signal candle is larger than on previous candle.
  5. If trade exists, new trade can only be opened according to adding to the winner module criteria.
  6. We enter long on signal candle close.
  7. Trailing stop is placed at upper BB – extra deviation applied on trailing stop (inputs).
  8. We close all existing short trades at Target profit/Trailing stop.

Test Results (Tick EURUSD 1H, 2003.01.01 - 2016.11.24)

Bars in test 86731

  • Ticks modelled 136095453
  • Modelling quality 90.00%
  • Mismatched charts errors 0
  • Initial deposit 2000.00
  • Spread 10
  • Total net profit 5318.04
  • Gross profit 37865.77
  • Gross loss -32547.73
  • Profit factor 1.16
  • Expected payoff 2.83
  • Absolute drawdown 80.07
  • Maximal drawdown 1614.34 (20.26%)
  • Relative drawdown 30.27% (1333.90)
  • Total trades 1880
  • Short positions (won %) 937 (50.69%)
  • Long positions (won %) 943 (49.95%)
  • Profit trades (% of total) 946 (50.32%)
  • Loss trades (% of total) 934 (49.68%)

Expert advisor is based on transparent and fully tested forex strategy.

Original and transparent MT4 expert advisor. Developed and created by professional FOREX traders at www.theforexkings.com . Tested for profitability on EURUSD tick data since 2003. Thousands of viable input combinations available for EURUSD alone. Works with any timeframe and any FX pair.

Main features of this expert advisor:

  • Tested on high quality tick data: High accuracy testing on EURUSD tick data (1H). 100+ Viable inputs combinations for EURUSD pair alone.
  • All inputs unlocked: You can adjust and modify your expert inputs. It can be then applied on any time frame and any currency pair. You can modify the settings at will to achieve the best possible results and make the expert suit your needs.
  • Transparent expert advisor: No smoke and mirrors. Rules are clearly stated and functionality can be easily verified by manual charting on forward or historical data.
  • Works with most of the MT4 Forex brokers: Our expert advisors were adjusted to work with almost any MT4 FOREX broker.
  • Works with any time frame: Simply drag and drop the expert on time frames you would like to use.
  • Works on any currency pair
  • Expert advisor will not draw any indicators in your chart.

Disclaimer and user agreement:

Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

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MT4 Expert advisor will work according to the description.You Backtest will match results of our backtest (using same test and inputs ). Expert advisor will work with your broker.

30 day money back guarantee.If expert doesnt closely match our test results, run the same test (timeframe, inputs, type).Send us the report. Allow few days to analyze and refund.

One time payment secured by PayPal. Lifetime license. FREE updates and support. You will recieve link for EX4 file immediately after the purchase. Download link will be also send to your email.

Easy, drag and drop installation.

 You will recieve EX4 file is ready to use. Copy the file into your MT4 Expert advisors folder and restart the platform.

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com

DEVELOPED BY PROFESSIONALS

We are experienced Forex traders and developers, trading consistently since 2006. We have developed hundreds expert advisors both for ourselves and our clients.  We know what works and what doesn't in the FOREX . 

TRANSPARENCY

OF RULES

Each system is published with total transparency. Rules are stated in full. Each trader can verify system results by simply applying the rules on his chart. No smoke and mirrors, no overpriced secrets.

TESTED WITH

HIGH ACCURACY

Each of our systems is tested on more than a decade of high quality historical data. Each system must be robust enough, to have at least 100+ profitable inputs combinations. We use very robust candle based testing model (results are not dependent on unstable tick data).

200+ MT4 Expert Advisors

Only during 2016 - 2017 we have created (and published), more than 200 unique expert advisors. To be able to create 200 historically profitable EAs we had to create upwards to 400 other trading robots that failed our tests.This makes us one of the most prolific developer of trading systems in the world.

WIDE VARIETY

OF SYSTEMS

We do not discriminate. We test and produce all types of systems believing that there are countless ways to profit in the forex market. From ultra aggressive systems to conservative systems that will open a trade only once or twice per year. 

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