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MetaTrader 5 Expert Advisor | Executor AO

13.7.25 0
MetaTrader Experts, Indicators, Scripts and Libraries

Author of the idea: Alex

MQL5 code author: barabashkakvn

Expert Advisor based on iAO (Awesome Oscillator, AO). The EA works on netting and hedging accounts. The market entry/exit conditions are checked only when a new bar appears. 

Market entry conditions

There should be no open positions, bar #0 indent from zero should be at the Minimum indent AO from "0.0" distance. In addition, the indicator should have a bend:

  • BUY signal: AO #0 > AO #1 && AO #1 < AO #2
  • SELL signal: AO #0 < AO #1 && AO #1 > AO #2
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