Alligator Angle Trail Trading Expert Advisor, Automated Forex trading

Version: 1.00

Key Features

• Take Profit: Configurable (default: 0).
• Lots: Configurable (default: 0.01).
• Stop Loss: Configurable (default: 100).
• Trailing Stop:
  • Start: 20 pips.
  • Step: 20 pips.
• Uses the Alligator indicator for trade signals.
• Includes buy and sell signal evaluation logic based on market conditions.
• Customizable magic number for managing specific trades.
• Implements trailing stop loss logic for dynamic risk management.
• Automatic calculation of angles based on moving averages for enhanced decision-making.
• Handles new bar events and recalculates conditions accordingly.

Core Functionalities

• Buy/Sell Orders: Automatically opens buy or sell positions based on market conditions.
• Trailing Stop Loss: Dynamically adjusts stop loss to protect profits.
• Angle Calculation: Evaluates slope and angle of moving averages for trend confirmation.
• Conditions Check: Determines whether to buy or sell using the Alligator indicator and calculated angles.
• Min/Max Value Calculation: Calculates the high and low prices over a specified period for scaling calculations.
• Order Management: Ensures that only trades with the correct magic number are managed by the expert advisor.
• Money Management: Checks account free margin before opening trades.

Security and Best Practices

• Handles errors gracefully during order operations.
• Validates inputs and ensures safe execution of trades.
• Limits operations to the current trading symbol and specific trades using a magic number.