#22384ExpertsMetaTrader 5👁 5224 views

BARS Alligator

Author

Vladimir Karputov

Published date

Oct 25, 2018

The author of the idea - Michael

mq5 code author - barabashkakvn

The EA only operates when a new bar appears. If we set Maximum positions to "1", the EA works on netting accounts as well. Trading signals are taken from bars #1 and #2 of the iAlligator (Alligator) indicator.

It is possible to specify stop loss (Stop Loss), take profit (Take Profit) and trailing.

A position size can be set as a fixed volume (set Money management to Constant lot) or a dynamic one - in risk % (set Money management to Risk in percent for a deal). The value for "Money management" defines a lot size or a risk %, accordingly.

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