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Alligator and Fractal Entries with Optional Martingale

Article MQL5 code base

Summary

The document describes a trading system that combines the Alligator indicator with Fractals. Its basic entry idea is to detect a particular grouping of Alligator lines and confirm the signal with a fractal. The system also offers configurable indicator exits and trailing stops, and can include martingale position sizing. The author suggests trying the method on M30 or higher timeframes.

The only performance evidence is a claim of good optimization results on EURUSD, with drawdowns of 3–9% of the starting deposit when entries use Alligator and Fractal signals, trailing is enabled, and martingale is disabled. The document gives no detailed test statistics, benchmark, parameter settings, or out-of-sample results, so the claim cannot establish robustness. Martingale is optional, and the text itself describes limiting maximum lot size as a way to reduce risk; that does not remove the potential for losses to grow as positions increase.

Key ideas

  • The system uses Alligator line configurations to generate entries and Fractals to confirm them.
  • Indicator exits and trailing can be toggled independently.
  • Martingale is optional, and the cited optimization results exclude it.
  • The reported EURUSD drawdowns come from optimization and are not accompanied by detailed validation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.