Bill Williams Fractal Breakouts Filtered by the Alligator Indicator

Summary

This document describes an Expert Advisor that combines Bill Williams’ Fractals and Alligator indicators to generate breakout signals. It tracks only the most recent confirmed fractal and requires that the fractal sit entirely above the Alligator for an upper signal, or entirely below it for a lower signal. A signal occurs when price breaks through the qualifying fractal, using the Alligator as a positional filter for the breakout level.

The advisor offers settings to reverse the signal and to close positions in the opposite direction. The description explains the entry logic and configurable trade behavior, but gives no rules for position sizing, stop placement, exit timing beyond closing opposing positions, or market and timeframe selection. It reports no backtest, live trading evidence, or performance results, so the method’s effectiveness and risks cannot be assessed from this document alone.

Key ideas

• The advisor combines Fractals and the Alligator indicator to identify breakout entries.
• It considers only the latest fractal that lies entirely on the appropriate side of the Alligator.
• A price break through the qualifying fractal triggers a signal.
• Settings allow signals to be reversed and opposing positions to be closed.
• The description provides no performance evidence or full risk management rules.

Tags

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