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trooper
  • Posts: 81
  • Joined: 30/10/2010
Hi All,
Our customer Bill suggested us a new Signal indicator.

This is the simmilar to LOCSignal-MACross indicator but uses the jaws and teeth settings of Alligator indicator to calculate MAs



Below is a description of it.

I was wondering if you could adjust the code in the LOCSignal-MACross signal to signal a buy or sell when the red
Moving average crosses the blue moving average of the Alligator lines?

You could call LOCSignal - Alligator

The Alligator is on all MT4 programs and consists of the three moving averages shown below.

Jaws is blue, Teeth is Red and the Lips Green.




Feel free to post it for others to use and I will talk it up on the Bill Williams discussion threads on Forex Factory and suggest some strategy for it.

In the process I guarantee it will bring people to your forum. Lot of people use Bill Williams methods and as far as I know there is no Alligator signal
available.

This particular set of displaced moving averages works well with a fractal stop or a trailing
MA stop on the red or blue line. It is also designed to help count Elliott Waves and I find it is most useful.

Here is a chart showing the three Alligator moving averages and three points where it would signal - when the red line (teeth ) crosses
the blue line (Jaws.)

As you can see it has potential.


Much appreciated.
Bill.
File Attachment(s):
LOCSignal-AlligatorCross.mq4 (4kb) downloaded 70 time(s).

You cannot view/download attachments. Try to login or register.
Agard
  • Posts: 6
  • Joined: 02/06/2011
I have already been experimenting with the Alligator Cross signal for a few hours.

So far the results have been very interesting. I have tested
M5 charts and experimented with using the fractal trailing stop in LOCTrader.

The Alligator is designed to work in conjunction with Elliott Waves and Elliott
Waves are built from Fractals.

My theory is, that once you can determine the direction of a wave on
a higher time frame you should only trade in that dominant direction when using a
lower time frame. This should catch trades that are in synch with the trend and
avoid taking counter-trend trades that only move a short distance and tend to cause
losses.

I will post my findings here as I make progress and hope that others will add insight.

Thanks for coding it Trooper.

Bill

aka Agard.

trooper
  • Posts: 81
  • Joined: 30/10/2010
Thank you Bill
please post your ideas how to filter the signals to make more accurete.
I'll try to make a new signal for it ;)

Thanks
Mikhail
tradersvision
  • Posts: 3
  • Joined: 16/01/2012
Thanks for the interesting ideas here in this forum. Today, I tried to use the LOCSignal-Alligator but so far I haven´t got a signal even so a crossing (the red line crossed the blue line - see attached chart)has taken place. No position was opened. Did I do anything wrong?[img]http://www.tradersvision.com/locsignal_alligator_-indicator/[/img]
Any help on this one would be appreciated. Thanks
http://www.tradersvision.com/lo...al_alligator_-indicator/ 
Agard
  • Posts: 6
  • Joined: 02/06/2011
How I use it:

You need to determine the larger trend - from H4 for example.
I found that using it on a M5 chart and setting it to trade
in one direction only, in synch with the H4 trend, works nicely.

I use fractal trailing stops and add 2 pips to them.

You can test it with the strategy tester and optimize your settings.
Try it long, then short, then both long and short. You will see
that if you can catch the trend of the market and get in synch with it,
the results are a lot better.

M5 has lots of trades and to me that is the point of an automated system.
You can pick trades yourself on a higher time frame as they do not come
along that often. Having LOCTrader gives you the freedom to not have to sit
on a terminal to catch the more frequent smaller time frame trades.

Let me know if you are able to get it working. PM me if you need to.
trooper
  • Posts: 81
  • Joined: 30/10/2010
Originally Posted by: tradersvision

Thanks for the interesting ideas here in this forum. Today, I tried to use the LOCSignal-Alligator but so far I haven´t got a signal even so a crossing (the red line crossed the blue line - see attached chart)has taken place. No position was opened. Did I do anything wrong?[img]http://www.tradersvision.com/locsignal_alligator_-indicator/[/img]
Any help on this one would be appreciated. Thanks
http://www.tradersvision.com/lo...al_alligator_-indicator/ 



Hi,
Signals are created on bar close so maybe you just need to wait till bar is closed?

Agard
  • Posts: 6
  • Joined: 02/06/2011
Trooper how would I post a set file here to help out?
tradersvision
  • Posts: 3
  • Joined: 16/01/2012
Thanks for your immediate replies.

It did finally open a trade. But 5 candles later! See 2nd snapshot: http://www.tradersvision.com/lo...al_alligator_-indicator/ 

Why exactly 5 candles later? Shift of indicator? probably...or is there any other explanation?

As I am experimenting with this I do not care so much about the timeframe, although I do agree that it should be in sync with higher frames...

cheers and any comments are very welcome!
Mario
Agard
  • Posts: 6
  • Joined: 02/06/2011
The shifted moving averages of teh Alligator would account for that.

Have you rad any of Bill Williams material? The Alligator and fractals
are designed to work together in a proxy of Elliott Wave structure.

That is why you need to know the higher time frame trend. LOC will catch
the impulse waves in the lower time frame when you align your trade direction
with then higher time frame. It is a fascinating process when you get it right.
Again, I suggest back testing it on M5 as that helps with the learning curve.
trooper
  • Posts: 81
  • Joined: 30/10/2010
Originally Posted by: Agard

Trooper how would I post a set file here to help out?



usually I recommend to upload in a zip and keep the folder structure.
for example:

experts/indicators/myindicator.ex4
experts/myexpert.ex4

and so on.

anyway I'll allow uploading other MT4 related files

Thank you for the info.
tradersvision
  • Posts: 3
  • Joined: 16/01/2012
Originally Posted by: Agard

The shifted moving averages of teh Alligator would account for that.

Have you rad any of Bill Williams material? The Alligator and fractals
are designed to work together in a proxy of Elliott Wave structure.

That is why you need to know the higher time frame trend. LOC will catch
the impulse waves in the lower time frame when you align your trade direction
with then higher time frame. It is a fascinating process when you get it right.
Again, I suggest back testing it on M5 as that helps with the learning curve.



No, I haven´t read or heard of Bill Williams....Sounds interesting and I will dig into it. Is there any special source you recommend (book,etc.) that deals with this subject of Alligator, EW and fractals? So far I never really concerned myself wit EW but it seems that with this Alligator indicator I should do so.
Anyway, it worked fine last night. The EA reversed position (form short to long) and gave me a nice profit.

Cheers Mario
Calliopebrook
  • Posts: 1
  • Joined: 24/10/2012
Originally Posted by: Agard

The shifted moving averages of teh Alligator would account for that.

Have you rad any of Bill Williams material? The Alligator and fractals
are designed to work together in a proxy of Elliott Wave structure.

That is why you need to know the higher time frame trend. LOC will catch
the impulse waves in the lower time frame when you align your trade direction
with then higher time frame. It is a fascinating process when you get it right.
Again, I suggest back testing it on M5 as that helps with the learning curve.


Steven Smith
  • Posts: 7
  • Joined: 04/03/2013
Sorry dear for this alligator indicator I is very difficult to use it in the analysis europion
market if it does not please my lord to give rule on open positions and how to see the valid
signal and false than this alligator indicator.
learn forex trading 
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