Alligator HL Scalping expert advisor

Expert advisor based on alligator HL price scalper forex strategy. Alligator indicator is used to determine trend. Following entry is triggered by price rising/falling and subsequently breaking the low/high of the last signal candle. Each position has a profit target of 5 pips and stop loss of 30 pips.

Used forex indicators:

Alligator. Combination of moving averages determines uptrend/downtrend. Trade is entered only in the direction of trend.

Signal:

 

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

  • SELL: Four consecutive candles. Low of each candle is higher than previous low. Sell pending order is placed at low of the last – fourth signal candle.

  • BUY: Four consecutive candles. High of each candle is lower than previous high. Buy pending order is placed at high of the last – fourth signal candle.

 

 

Notes to input:

  • Take profit : Take profit for orders

  • Stop loss : Stop Loss for orders

  • Alligator teeth: medium period 

  • Alligator jaw: slow period

  • Alligato lips: fast period

  • Stay valid: How long will untriggered pending order remain valid until canclelled

  • Position size: determine postion size for each trade

We recommend you to use this forex strategy with one of our trusted forex brokers (STP/ECN with MT4 bridge).

To win you must trade with broker on your side.

Dislaimer:  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. 

Please reload

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