The Fractals & Alligator MT4 forex robot is based on the two well-known Bill Williams Fractal and Alligator trading indicators.
This expert advisor (EA) is achieved by combining some of the ideas from the True Williams Alligator and the Fractals and Levels to execute fully automated buy and sell trade positions.
The Fractals & Alligator forex EA made good profits and is helpful in spotting prevailing trend direction and its strength.
Feel free to to modify the EA’s input settings. Perhaps this robot can produce more profits with little changements made to the default input values.
The Fractals & Alligator forex trading robot will only trade the price of open candle.
This EA works best on higher timeframes, especially the 1-Day chart. (less false signals).
It’s recommended to use it from hourly charts up to daily charts, don’t use on M1, M5, M15 and M30.
Strategy Tester Report
Find below the Fractals & Alligator forex robot strategy tester report for the EUR/USD forex pair on the daily chart.
The EA made a total profit of $2946.63 from a total of 206 trades. The largest winning trade generated $444.17 in profits, while the largest losing trade generated a loss of-$61.17.
Bars in test: 2048 ticks modelled
Initial deposit: $10000.00
Total net profit: $2946.63
Total trades: 206
Largest profit trade: $444.17
Largest loss trade: -$61.17
Consecutive wins: 2
Consecutive losses: 2
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Enable “no loss,” When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Fractals | Alligator
Copy and paste the Fractals & Alligator.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)