If you're looking to up your trading game, let’s dive into how to effectively use the Williams Awesome Oscillator (AO) and Accelerator (AC) indicators on your MetaTrader 4 platform. This strategy is tailored specifically for the H1 EURUSD chart, with backtesting spanning from January 2010 to April 2019.
The magic happens with two modified indicators: the Awesome Oscillator and Accelerator. Here’s the scoop:
- Buy Signal: You’ll want to look for those green AO bars crossing above the zero line, alongside three consecutive positive green bars from the AC. That’s your cue to jump in!
- Sell Signal: Conversely, when the AO shows red bars crossing below the zero line, and the AC displays three consecutive negative red bars, it’s time to consider exiting or shorting.
To set this up, you'll access the indicator buffers and the fast/slow periods through the EA using the iCustom() function. Make sure you have the AcceleratorV2.mq4 and AwesomeV2.mq4 files in your Indicators folder to get started.
By mastering these indicators, you can better navigate the market's ups and downs. Remember, practice makes perfect, so give it a shot and see how these tools can enhance your trading strategy!
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