Alligator Strategy + Advanced Take Profit (Made with AlgoBuilderX)

// This cBot was created with AlgoBuilderX
//
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// With an intuitive drag-and-drop interface, you can easily build and customize your own trading
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This cBot is an example, made for demonstration purposes using AlgoBuilderX and works only on demo accounts.

Strategy: This strategy is based on the Alligator indicator and has 4 levels of TP!

Buy Trigger: The Alligator's jaw (blue line) should be below the teeth (red line). The teeth should be below the lips (green line). We are expecting an upward crossover, where the price crosses all three Alligator lines from top to bottom.

Sell Trigger: The Alligator's jaw (blue line) should be above the teeth (red line). The teeth should be above the lips (green line). We expect a downward crossover, where the price crosses from top to bottom all three lines of the Alligator (jaw, teeth, and lips).

Parameters:

Backtest example:

AlgoBuilderX Project:

This cBot was made in less 10 min using only 10 blocks in the AlgoBuilderX project.

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You will be able to import it into the AlgoBuilderX workspace, view it, edit it, or export it.

Important Note:
This cBot is a demonstration example created with AlgoBuilderX and is not optimized for live use. It is designed to illustrate the functionality of AlgoBuilderX and serve as a starting point for creating custom strategies. It is recommended that you carefully test and optimize any strategy before implementing it on a real trading account.