A backtesting with the FT_BillWillams_AO expert advisor.
EU H4. On one year.
Total net profit : 131.79%
RDD : 27.94%
Very thankfull about the AO expert
Really glad you posted this one Expert advisor. The reason is that i just started learning MetaTrader for the purpose of translating my own old tweekers inspired almost purely from Bill Williams'works, written under metastock. So having this expert is a real boost to my understanding; thank you "for Trader.ru"!
Note: At the time i had found that it was necessary to put not only the AO, or AC or the fractal or... but all of them together in order to have a consistent winner (on back testing anyway); that is the Aligator/fractal, the GREEN/FADE/FAKE/SQUAT, the AO, the AC, the zones and balance line. so if any of you 've done anywork this way, i'll be glad to hear from you.
can someone translate this EA pls
Bill Williams AO
This is a momentum measure; it claims to move ahead of the change in price of the underlying object.
For buy signals, you can buy when the AO reverses direction above the zero line - known as a saucer buy; or when the graph crosses in the zero line, and the upware direction; or, below the zero line, successfully less negative peaks.
Is there a magic number version of this EA otherwise can't use with other EA's attached, thanks.
Originally Posted by redline
Which system or method is this EA trading ? Anybody know ? Please explain it!
Originally Posted by mikaka
When last bar AO value is higher than the previous and the previous lower than the second previous, then buy.
When last bar AO value is lower than the previous and the previous higher than the second previous, then sell.