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RAVI and Awesome Oscillator Expert Advisor for EURUSD

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Summary

This document describes an Expert Advisor that combines the Awesome Oscillator (AO) with the Range Action Verification Index (RAVI). It evaluates signals only when a new bar forms and manages a single position, so it is described as compatible with both hedging and netting account setups. The example instrument and timeframe are EURUSD on a 30-minute chart.

Position size is set by a Lots parameter, with optional stop loss, take profit, and trailing stop controls; setting any of those values to zero disables that control. The text does not provide the entry and exit signal rules in detail, nor does it report backtest results, risk-adjusted performance, or execution assumptions. It therefore offers a brief description of the indicator combination and EA parameters rather than evidence that the approach is profitable.

Key ideas

  • The EA combines the Awesome Oscillator with the Range Action Verification Index.
  • It checks for trading signals when a new bar appears and handles one position at a time.
  • The example setup uses EURUSD on a 30-minute chart.
  • Position size is controlled by a lot parameter, while zero disables each optional stop setting.
  • The document does not explain full signal rules or provide performance evidence.

Tags

ForexTechnical indicatorsExecutionRisk management

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