A Layered Long Strategy Using Awesome Oscillator Saucers and Fractals
Summary
This strategy combines Awesome Oscillator saucer signals with Williams Fractals and an Alligator-derived level to identify short-term trend direction. It takes long entries when the oscillator forms a rising saucer above zero, the short-term trend filter is bullish, and price is above a configurable exponential moving average. Stop-buy orders are placed just above the saucer activation level; declining oscillator momentum cancels pending orders. A reversal in the fractal-based trend closes open positions.
The design can add up to five long entries as successive qualifying signals appear in the same trend, with each entry allocated a configured share of equity. It includes a date window and settings for commission, slippage, and bar magnification, but the supplied description and code do not establish profitability or compare results across markets. There is no fixed stop loss or take profit: exits depend on the trend reversal condition. The fractal and moving-average filters, pyramiding rules, and simulated execution assumptions therefore warrant independent validation before practical use.
Key ideas
- An Awesome Oscillator saucer above zero supplies the principal long setup.
- Williams Fractals and an Alligator-derived level estimate short-term trend direction.
- An exponential moving average filters entries toward a longer-term uptrend.
- The strategy can scale into a position through as many as five separate long entries.
- Pending entries are canceled when oscillator momentum weakens, and trend reversal closes the position.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.