Two lizzards. (Alligator) MT4 Expert advisor ™ TFK ALGO

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Product Details
✔ Instant and secured electronic delivery. Simple drag and drop installation: .
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✔ Backtest and optimize for any FX instrument. All inputs unlocked. Discover new, more profitable settings for any timeframe and currency.: .
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✔ Automated trading on any currency pair. Trade multiple pairs simultaneously. Remove mistakes and emotions. Stop wasting your time in front of the chart. Improve your trading results: .
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✔ Works with any MT4 broker. FREE updates and support.: .
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✔ 30 day money back guarantee.One time payment secured by PayPal. Lifetime license: .
  • Alligator (2x): Each alligator line must be alligned according to downtrend/uptrend – this applies for both alligator indicators independently. Period of the default alligator input (13,8,5) is multiplied by Default alligator multiplier (1 and 2). This input will multiply each default calculation period of the indicator.
  • Averaging module: If trade exists, new trade can only be opened if overall account profit is less than: -(negative)Averaging intervaL*LOTSIZE*(EXPONENTIAL FUNCTION*NUMBER OF OPENED TRADES PER THAT SIDE). Warning: EA works only on one currency pair per account. Also, manual trades cannot be opened while EA operates.
  • Increase factor: Strategy increase lotsize of each consecutive averaging trade. Calculation: Increase factor*number of opened trades(averaged side)*lotsize+lotsize. Increase factor with value 1 is least agressive.
  • MAX number of trades (5 in 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: Expert will close all existing trades at once as soon as the overall account profit reaches target profit/max loss. All existing trades will be closed also when opposite entry signal occurs.Use only on one currency per account and do not open any other positions. Modify targets proportionally with lotsize (in account currency).
  • Magic number buy/sell: You can modify this number but do not use expert advisor with any other expert on account.
  • MAX slippage:
  • Spread filter:
  • Lot size:

Rules of the expert advisor


  1. No long trade exists.
  2. All alligator lines alligned according to downtrend (from slowest at the top to fastest at the bottom). This rule applies for both Alligator indicatros indpendently.
  3. If trade exists, account profit must be less than averaging module calculation criteria.
  4. We enter short on candle close.
  5. We close all existing short trades at: Target profit/max loss defined in inputs (adjust those proportionally to used lotsize). Long entry signal completed.


  1. No short trade exists.
  2. All alligator lines alligned according to uptrend (from slowest at the bottom to fastest at the top). This rule applies for both Alligator indicatros indpendently.
  3. If trade exists, account profit must be less than averaging module calculation criteria.
  4. We enter long on candle close.
  5. We close all existing long trades at: Target profit/max loss defined in inputs (adjust those proportionally to used lotsize). Short entry signal completed.

Test Results (Control points EURUSD 1H, 2003.01.01 - 2016.11.24)

  • Bars in test 87138
  • Ticks modelled 2147258
  • Modelling quality n/a
  • Mismatched charts errors 0
  • Initial deposit 2000.00
  • Spread 10
  • Total net profit 7515.50
  • Gross profit 52206.76
  • Gross loss -44691.26
  • Profit factor 1.17
  • Expected payoff 0.25
  • Absolute drawdown 38.53
  • Maximal drawdown 388.32 (7.48%)
  • Relative drawdown 7.66% (269.05)
  • Total trades 30084
  • Short positions (won %) 14050 (73.30%)
  • Long positions (won %) 16034 (73.49%)
  • Profit trades (% of total) 22083 (73.40%)
  • Loss trades (% of total) 8001 (26.60%)

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 . 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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Instant and secured electronic delivery. One time payment secured by PayPal.

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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.

expert advisor 30-day-money-back-guarant

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.

expert advisor 30-day-money-back-guarant

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.

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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.



“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


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 . 



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.



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.



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.