Awesome Oscillator Trader EA
Free AO-based expert advisor | EURUSD H4 | raposter (Richard Poster)
About Awesome Oscillator Trader EA
Developed by Richard Poster (raposter) and published on the MQL5 Code Base, this free Expert Advisor uses a modified Awesome Oscillator (AO) for signal generation. A Buy signal fires when a negative AO green bar appears after consecutive negative red bars. A Sell signal fires when a positive AO red bar appears after consecutive positive green bars. Stochastics and Bollinger Bands act as entry filters. Trades close on AO bar color reversal. The custom indicator AwesomeV2.mq4 must be placed in the Indicators folder.
- Developer: Richard Poster (raposter)
- Platform: MetaTrader 4
- Price: Free (MQL5 Code Base)
- Currency Pair: EURUSD
- Timeframe: H4
- Indicators: Awesome Oscillator, Stochastics, Bollinger Bands
- Published: May 2019 | Tested: Jan 2010 – Apr 2019
- Source: mql5.com/en/code/25452
Key Features
✓ Completely free — available on the MQL5 Code Base
✓ AO color-reversal logic provides clear signal rules
✓ Double confirmation via Stochastics and Bollinger Bands filters
✓ Tested across 9 years of EURUSD H4 historical data
⚠ Requires AwesomeV2.mq4 custom indicator in the Indicators folder
⚠ Optimised for EURUSD H4 — test thoroughly on other pairs/timeframes