strategy of the mmmalligator pro Advisor:
- The robot uses the built-in Alligator indicator and performs calculations to determine cost trends. in case it suggests that the cost will be bullish, a purchase order is routed. If the Alligator indicates that the price will be bearish, a sell order is delivered;
- Orders will not be delivered if the calculations do not determine a fantastic profit chance;
- As with all MMM series products, the robot can also be programmed to protect capital in the event of adverse market behavior. There are protective mechanisms, such as a trailing stop, where the stop loss moves closer to the current price of the currency pair, as soon as the order has a profit. You can also specify the minimum percentage of funds in the account for sending a new order.
- Closes orders with any profit of value over specified in currency: this parameter works the same as a traditional take profit, but with the difference that it specifies the value in the deposit currency, usually USD. To disable this option, enter 0 (zero);
- Take profit (order profit ceiling): traditional take profit. Its value is specified in pips. Orders will be automatically opened with this take profit value. To disable this option, enter 0 (zero);
- Stop loss (loss limit): the traditional stop loss. Its value is specified in pips. Orders will be automatically opened with this stop loss value. To disable this option, enter 0 (zero);
- Lots volume to trade: the volume of orders to trade on the current currency pair. This parameter is required;
- Trailing stop loss: traditional trailing stop. Its value is specified in pips. Orders will be automatically opened with this stop loss value. To disable this option, enter 0 (zero);
- Maximum number of simultaneous orders to open os this symbol: the maximum number of simultaneously opened orders for the current symbol. To disable this option, enter 0 (zero);
- Minimum equity percentage to allow opening new orders: the minimum amount of equity required to open new orders is used to protect capital;
- Double the trading volume (lots) if prior order was profitable: If set to true, the EA will double the volume of the following orders after closing a profitable order for the current symbol. To disable this option, enter false;
- Price’s type for Alligator’s Calculation: the price type used in the Alligator algorithm to calculate the trend. Do not change this parameter if you are not sure what you are doing. This parameter is required;
- Alligator’s Mode: the mode of calculation of an Alligator. Do not change this parameter if you are not sure what you are doing. This parameter is required;
- Alligator’s Jaw Period: the period of Alligator’s jaws. Do not change this parameter if you are not sure what you are doing. This parameter is required;
- Alligator’s Teeth Period: the period of Alligator’s teeth. Do not change this parameter if you are not sure what you are doing. This parameter is required;
- Alligator’s Lips Period: the period of Alligator’s lips. Do not change this parameter if you are not sure what you are doing. This parameter is required;
- Alligator’s Jaw Shift: the shift of the Alligator’s jaw. Do not change this parameter if you are not sure what you are doing. This parameter is required;
- Alligator’s Teeth Shift: shift of the Alligator’s teeth. Do not change this parameter if you are not sure what you are doing. This parameter is required;
- Alligator’s Lips Shift: Shift the Alligator’s lips. Do not change this parameter if you are not sure what you are doing. This parameter is required.