Author of the idea:Â
MQL5 code author:
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.Â
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 > AOÂ #1 && AOÂ #1 < AOÂ #2
- SELL signal: AOÂ #0 < AOÂ #1 && AOÂ #1 > AOÂ #2