Alligator EA for Prop Firms

Alligator EA for Prop Firms is an Expert Advisor designed specifically to pass the challenges of Proprietary Firms such as MyForexFunds and obtain a founded account. In fact, it has specific functions to comply with the rules imposed by the companies that offer managed accounts.

Link for tutorial, detailed description, manual and presets: https://www.mql5.com/en/blogs/post/751530

- It is based on a strategy with William's Alligator, EMA and ATR indicators that tell the EA when to open positions and where to set the stop loss.

- Works on all Forex pairs, recommended on M5, M6, M10 timeframes.

- The EA should work on VPS 24/7

- Write to me privately to get the parameters already optimized by me for the various challenges and the presets to optimize

Functions for prop firm:

• Daily and monthly anti drawdown control
• Possibility to set a maximum profit target in which the EA stops (for example the 8% required by MFF to pass the first phase)
• Possibility to backtest the number of past months in which it would have passed the challenge (via custom max, e.g. 31001 -> 31 months passed the challenge, 1 month closed positively)
• If drawdown is reached, the EA stops and the combination of parameters is discarded (the custom max value is set to 0)

Additional features:

• Choice of percentage to risk of the capital
• Choice of risk and return
• Possibility to choose whether to set the stop loss only via ATR or also using the Alligator
• Choice of operating days and times
• Possibility to breakeven
• Possibility to set one or two partial TPs
• Limit the number of maximum or minimum pips for the stop loss setting to avoid too long trades