If you're looking to enhance your trading strategy, let me introduce you to AO Lightning—a powerful EA designed for MetaTrader 5. This expert advisor leverages the Awesome Oscillator (AO) indicator to help you make more informed trading decisions.
How It Works: The EA opens orders at each new bar and closes them based on opposing signals. The beauty of this system lies in its ability to calculate the indicator directly within the code, allowing you to tweak the periods for optimal performance.
Buy Signals: You'll want to look for a scenario where the histogram dips down, turns red, and the second column surpasses the first. This is your cue to enter a buy position.
Sell Signals: Conversely, a sell signal occurs when the histogram rises, shifts to green, and the second column is lower than the first. Spotting this can lead to a profitable sell opportunity.
Key Inputs for Customization
- LotFixed - Set your lot size here;
- LotFromPercent - Use a percentage of your free margin to calculate lot size (set to 0 to disable);
- Period_sma_slow - Adjust the slow moving average period for the AO calculation;
- Period_sma_fast - Set the fast moving average period for the AO calculation;
- Orders - Define the maximum number of orders you want the EA to handle.
Testing on EURUSD, H1.
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