AO and AC Color Signals for a Simple Trend-Following Expert Advisor

Summary

This brief description outlines an expert advisor using Bill Williams’ Awesome Oscillator (AO) and Accelerator Oscillator (AC). It opens a buy position when both indicators are green and a sell position when both are red. It exits when either indicator changes color, so the trade is closed on a signal change rather than waiting for both indicators to reverse. The recommended chart interval is H4. Configurable inputs include lot size, an order comment, and a magic number; automatic lot sizing based on account deposit is mentioned as a possible addition.

The document presents the rule as deliberately simple and offers no backtest results, market-specific evidence, or detailed execution and risk controls. It does not explain how the indicator colors are calculated, how conflicting or neutral signals are handled, or whether opposite signals close and reverse a position. The method is therefore a compact indicator-based trading concept, not a fully specified or validated system. Lot sizing is an input, but no sizing formula or loss limit is provided.

Key ideas

• The advisor buys when AO and AC are both green and sells when both are red.
• A change in either indicator’s color triggers a market exit.
• The recommended chart interval is H4.
• The description gives no test results or detailed rules for neutral signals and position reversal.
• Lot size is configurable, while deposit-based automatic sizing is only suggested.

Tags

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