MMM Classic Alligator Strategy EA

This EA uses an Alligator indicator and has a classic strategy to trade as the Alligators Jaw, Teeth and Lips calculation results are compared each tick. This way, the EA opens orders at right moment and closes the orders as it reaches the right profit value.

It protects your money because it is provided with:

• trailing stop loss to protect your profit. once your order has a positive profit, it sets SL at a certain distance in order to keep a positive profit;
• Spread value limit to prevent opening an order at a high Spread value. Usually brokers uses variable Spread values;
• minimum equity percentage to limit your risks. You may limit your investments and restrict it to a certain percentage of your money;
• Stop Out level to close all your pending orders after reaching a certain equity percentage low level. Some brokers do not do it automatically.
• limits the number of pending orders. This way you will not bankrupt your account with too many pending orders.
• Bad Time to Trade where you define the hours the EA should not trade (order open time).

Attention! The default input values are already optimized for EURUSD at time frame M15 and spread = 18. Always use the strategy tester optimization to set the best values for your assets and time frame. It is very important and strongly recommended for successful trading.

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