AW Prime Oscillator EA

The signal copies the trades of AW Prime Oscillator EA on four currency pairs on H1: AUDUSD, CADCHF, EURGBP and NZDCAD. Trading is fully automatic, the account holds no manual orders and no orders of other systems.

Entries come from the AW Prime Oscillator indicator built into the EA. The fast oscillator line gives the entry at the overbought and oversold levels, the slow line sets the trend and filters out counter-trend signals. The signal is read once per bar from the closed bar and is not redrawn, the order opens on the next bar, not more than one order per bar. An order is skipped while the spread is above 75 points.

Exits are by a virtual TakeProfit measured from the breakeven price of the whole basket of the side, not from the first order price. When price moves against the side by the set step, an averaging order opens, and the step and the volume of later orders grow by their multipliers. The outermost orders of a basket are closed in pairs after the set number of orders. The baskets carry no StopLoss: a basket closes when its TakeProfit is reached, so the drawdown of an open basket is floating and a basket can stay open for weeks. One side at a time is traded on each pair.

Pairs:

AUDUSD H1 

CADCHF H1

EURGBP H1

NZDCAD H1 

Risk of the signal:

The first order of each pair is 0.01 lot, the volume of averaging orders grows by the multiplier of the pair. The deepest basket on these settings in the strategy tester reached 0.06 lot per order on EURGBP.

The volume of a single order is limited to 1.0 lot, the number of orders to 200.

The EA that trades this signal is AW Prime Oscillator EA on the MQL5 Market.