Williams Gator with an alert could be the best thing EVER

Anyone know of a Bill Williams Alligator indicator with an alert? The gator has been working out well for me, I am more than happy to share how I use it if anyone is interested. It would work out ten times better if we could throw an alert on that bitch. Any programmers out there wanna help? Its easy

I would be interested in learning how you trade with the Gator. I have a close friend who is pretty handy with coding, so we can give it a shot....thanks!

Have you backtested the strategy manually or using an automated program?

What conditions does it need? This is my first time looking at the gator. If you send me the information, I'll try to get the alerts set up on it.

Hey guys

This is a K.I.S.S. sort of system. Here is some info in the Alligator: http://www.alpari.co.uk/en/market-an...and-gator.html

Again, we are using the Alligator, not the Gator Oscillator.

When the Alligator opens with a bullish confirmation, I set a buy stop one tic above the previous bar's high and my stop loss 5-10 pips below the low of the previous bar depending the spread of the pair I am trading.

I calculate my volume so that the the total risk is 2% of my account per trade. For example:

The Alligator confirms the bullish move at the open of the new bar. The high of the previous bar is 1.3310 and the low is 1.3300. My ATR of this bar is 10 pips, so I add my stop loss buffer to the ATR (in this case lets say 5 pips) and I get 15 pips. If I have a $10,000.00 account, I am willing to risk 2% on this trade ($200.00) So...

I would set a buy stop @ 1.3311 for 1.3 lots with my stop loss at 1.3295.

For Selling, do the same but in the other direction.

I follow thru with a profit target that depends on the pair and time frame. Looks good so far. I manually tested four months back on the EURUSD H1.

I adapted this Entry/SL from the Bill Williams Divergent bar method (very similar to VSA). The idea of this method is this: The Alligator tells us the direction and the formation of a new high/low tells us when to enter.

If the market does not form a new high/low I recalculate the entry based on the previous bar assuming the Alligator is still confirmed. If the Alligator goes to sleep without triggering our trade, we delete our order.

Pretty simple and allows for clean uncluttered charts. I DO NOT suggest trading this method during NFP however!!!

NICE! So basically what we would need is an alarm that sounds when the Alligator confirms a direction. It would be nice to have the alert sound, alert window that tells which time frame and pair has a confirmation, and option for email alert perhaps?

I have been trading this method without an alarm and find myself sleeping thru good trades. GRRRRR!

Thanks for your help

Interesting, any reason why you don`t filter with the additional fractal requirement? Or is it "Fractal Trading for Scalpers"?

Thanks

Forex37

I tried playing by the rules on the M30 EURUSD but I found that by the time a fractal is formed (two bars after a support or resistance is recognized) we either never get a trigger or our trade triggers and heads straight for the SL having waited for the fractal and missed most of the move. This method gives plenty of triggers and from my experience with it about 99% of them go into profit immediately, the key is to have the proper TSL and PT that will allow you to get in the market and get out of the market relatively quickly. A downside to this exit strategy however is that I will almost always miss the big rallies because of a premature exit. I would love to hear from some people who have solid exit strategies that might integrate well with this method.

Have you tried cavemanager written by Caveman (here on FF)? It is a exit ea with many possible ways to help manage a trade exit.

Paddy

Why would you use the Alligator only?