Gator Oscillator trading strategy

To add the Gator Oscillator to your chart in Metatrader, click “Insert”, choose “Indicators”, "Bill Williams" and then “Gator Oscillator”. You have the ability to change the parameters for jaws, teeth, and lips. The default settings are those that were recommended by Bill Williams and they are perfectly fine for a start. If you want to try other settings, you can also test them.

Like the Alligator that opens its mouth and tries to eat the price, the Gator behaves like a living creature. It has 4 states:

It sleeps – Both bars are red. It means that there’s no trend in the market. This corresponds to the time when the lines of the Alligator Indicator are intertwined. Bill Williams recommends staying out of the market during this time.

It awakes – After sleeping, one bar is green and one bar is red. A trend forms. It’s time to look for the opportunities to enter the market.

It eats – Both bars are green. The trend continues. Keep your trade open and let your profit increase.

It is sated and fills out – After eating, one of the bars is red. It’s a sign that the trend may be approaching its end, so think about taking profit.

Notice that the Gator Oscillator shows only the presence of a trend and not its direction. As a result, it’s better to use it together with the Alligator Indicator or other tools of technical analysis.

Frequently asked questions

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