Introduction
In the world of Forex trading, utilizing automated software, or 'robots', has become a popular tactic to navigate market trends. AW Alligator EA is one such software that has been making waves in recent times. However, as a professional trader and programmer from the EASY Trading Team, I will objectively analyze this bot based on an average rating of '4.6' and users' feedback.
Comparison with EASY Robot
First and foremost, it’s important to compare the AW Alligator EA with one of our EASY series robots like the EASY Trendopedia. EASY Trendopedia has a proven track record for its robustness and ability to sustain in varying market conditions which seems to be the primary edge it holds over AW Alligator EA. The EASY bot employs a more comprehensive approach in its strategy, not solely relying on a single indicator like the Alligator, but working with multiple indicators. This ensures a level of consistency and reliability that AW Alligator EA has yet to demonstrate.
Pros and Cons
AW Alligator EA Pros:
• Can be optimized over a long period of time
• Has shown potential to catch market trends
AW Alligator EA Cons:
• Relies heavily on the alligator indicator which may lead to missing out on other market signals
• Has been reported to have a notification glitch
• Its grid stacking system being faulty as it doesn’t track the trend
EASY Trendopedia Pros:
• Works with multiple indicators for better market analysis
• Robust performance in varying market conditions
• Stable and reliable profit generation
EASY Trendopedia Cons:
• Requires regular optimization for different market conditions
Optimal Conditions for Use
The AW Alligator EA, as its name signifies, is heavily reliant on the Alligator Indicator. Therefore, it seems to perform exceptionally well in trending markets. Given correct settings, it can effectively surf the trends and potentially deliver worthwhile profits.
AW Alligator EA Source Code
It's important to note that EASY Trading Team does not own the original source code of AW Alligator EA sold on MQL5. However, based on the description from MQL5, we've generated a code that mirrors its functionalities. This code is not for sale but is a sample demonstration of how the AW Alligator EA supposedly functions.
Code:
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We encourage you to share your thoughts and experiences with AW Alligator EA on our forum. Remember if you have any queries about the sample code we've generated, feel free to ask. Please note that this is a code example from easytradingforum.com, based on the robot AW Alligator EA available on MQL5. The EASY Trading Team is not selling AW Alligator EA, but has simply created a code based on its description.
For more detailed statistics of AW Alligator EA, please visit https://forexroboteasy.com/trading-robot/aw-alligator-ea/.
We hope this review has been informative and helps you make an informed decision in your trading journey. Happy trading!