AO and AC Color-Change Entries and Exits

Summary

This Expert Advisor bases its entries on Bill Williams’ Awesome Oscillator (AO) and Accelerator Oscillator (AC). It buys when both indicators are green and sells when both are red; an open position is exited when either indicator changes color. Signals are evaluated at bar close, so the described method does not act on intrabar changes.

The document references a 2015 EURUSD four-hour test and says the displayed tests used default inputs without stop loss or take profit. It provides no numerical performance metrics or details about the test setup, so the mention of results cannot establish profitability or robustness. The EA also depends on compiled higher-timeframe indicator files for visualization in the strategy tester; those indicators are described as inactive in other operating modes. A supporting library is noted for broker spread and position-opening stop settings, but the strategy rules themselves do not specify protective exits.

Key ideas

• The EA enters long when AO and AC are both green and short when both are red.
• An open position is exited when either oscillator changes color.
• Signals are generated at bar close.
• The cited EURUSD four-hour test used default settings and no stop loss or take profit, with no performance figures stated.

Tags

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